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WestWon Donates to Local Infant School

February 27, 2023/0 Comments/in Blog, Sustainability/by Jess Wells-Flint

Here at WestWon, we like to help the local community wherever we can. So whether that be supporting local sports clubs, team tree planting days, or supplying tools to enhance local education, we are committed to making an impact.

Recently, we donated to a local infant school based in Penn, not too far from our offices in High Wycombe. Our donation consisted of supplying the school with laptops to support the children’s digital learning.

Tylers Green First School is a small village school established in 1876 with a strong Eco-School status. A school with similar values to ours resonated with us and we wanted to help at a time when school budgets are tightening.

We believe that access to technology can open up educational opportunities and encourage better learning for students. By providing these laptops, we hope that students at this school can learn in new ways that correlate with the school’s curriculum.

Headteacher of Tylers Green First School, Jude Talbot speaks on what our donation means to them:

“We would very much like to thank WestWon for their kind donation of 12 laptops, complete with accessories and trolley, for the children to use in school.

The laptops are the perfect size for Infant children and will therefore be used in class every day.  We have a very demanding computing curriculum. So the addition of these laptops will help our children to learn to code!

The children also love making PowerPoints and Year 2 have been busy making PowerPoints. They’ve been all about Florence Nightingale and Mary Seacole, complete with animations and spinning text. As you may have heard, budgets in schools are stretched, and this kind donation has helped us so greatly.”

Contact Us

We are always looking for ways in which we can give back. Please get in touch if you are holding or just aware of any community-based projects in the Buckinghamshire area! We would love to get involved, give us a call on 01494 611 456, or drop an email to [email protected]

https://westwon.co.uk/wp-content/uploads/2023/02/laptop-blog-banner-min.png 630 1500 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2023-02-27 09:49:112023-11-28 12:35:49WestWon Donates to Local Infant School

What to Expect from the UK Asset Finance Market in 2023

February 20, 2023/0 Comments/in Blog, Leasing Insights/by Jess Wells-Flint

The UK asset finance market has been steadily growing since the start of the 21st century, and experts predict that this trend will continue well into 2023. In this blog post, we’ll explore what the future holds for asset finance in the UK, including projected growth rates, major players in the market, and key trends to watch out for.

Growth Predictions for 2023

According to recent reports by PwC, the UK asset finance market is expected to grow by a compound annual growth rate (CAGR) of 4.3% from 2020-2023. This would result in a total market size of around £67 billion by the end of 2023. This figure is significantly higher than what was recorded in 2018/19. This is when total assets under management (AUM) were only at £53 billion. These figures suggest that more businesses are taking advantage of asset finance and leasing options. This is to acquire necessary equipment and vehicles for their operations.

Major Players in the Market

The top five lenders in terms of AUM make up over 50% of the total UK asset finance market share as of 2019-2020. Santander leads with a 15% share, followed by Hitachi Capital (13%), Close Brothers Leasing & Asset Finance (12%), Lloyds Banking Group (9%), and Royal Bank of Scotland (7%). These lenders dominate due to their large customer base and expansive product portfolios that they offer across different sectors. Such as transport, hospitality, construction, and agriculture.

Key Trends to Watch Out For

One key trend that is expected to shape the way businesses access asset finance is digitalization. More lenders are offering online financing solutions which provide customers with greater convenience and flexibility. When it comes to obtaining financing for their assets. Additionally, technological advances have made it easier for financiers to analyse data quickly and accurately. This helps them assess creditworthiness faster than ever before. As a result, smaller businesses can now access financing more easily than ever before – something that was once reserved only for larger companies with a good credit rating.  Furthermore, increased competition means that customers can benefit from lower interest rates on their loans compared with what was available a few years ago.

The UK asset finance market is set to grow significantly over the next few years as more businesses take advantage of leasing options offered by leading lenders such as Santander or Hitachi Capital. Digitalization has opened up new possibilities for both lenders and borrowers alike; customers can now access financing quickly and easily while financiers benefit from improved analytics tools when assessing creditworthiness or setting loan rates. All these trends point towards an exciting future for asset finance in 2023!

Contact Us

Do you have growth plans for your business? If so, asset finance is a fast and effective way of catalysing your business growth. Give us a call on 01494 611 456 for asset finance options with industry leading rates! Alternatively, send an email to [email protected] and a member of our expert team will get back to you shortly.

https://westwon.co.uk/wp-content/uploads/2023/02/asset-finance-min-scaled.jpg 1000 1500 Jess Wells-Flint https://westwon.co.uk/wp-content/uploads/2016/06/WestWon-Colour-300x94.png Jess Wells-Flint2023-02-20 08:19:312023-11-28 12:37:24What to Expect from the UK Asset Finance Market in 2023

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The Financial Conduct Authority (FCA) regulates financial services in the UK and you can check this on the Consumer Credit Register by visiting the FCA’s website here or by contacting the FCA on 0800 111 6768. WestWon Limited is a credit broker and not a lender. WestWon companies deals with a range of lenders. All WestWon companies hold a current Data Protection Licence and are registered for VAT. These details, together with our policy on Treating Customers Fairly, Complaints Policy and address details are held under our Get in Touch page.
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