The Federation of Small Businesses (FSB) has reported that two thirds of small firms expect to grow in the next 12 months and one in four plans to increase the amount of investment in their business. This national picture is also being born out locally in Norfolk, where WestWon leasing company is helping organisations of all sizes to achieve their growth plans through the best equipment lease deals for their needs.
Of the 34 non-metropolitan English counties, Norfolk is the seventh most populous, with a population of 859,400 with a low population density. It is a largely rural county where over 20% of employment in the county is in the agricultural and food industries. Tourism is another important business sector for the county along with energy (oil, gas and renewables) and advanced engineering and manufacturing. Well-known companies in Norfolk include Aviva (formerly Norwich Union), Coleman’s (part of Unilever) and Bernard Matthews Farms.
One of the fastest growing and most popular ways for businesses in Norfolk to finance their investment in equipment and technology is through a lease agreement. Leasing allows all sorts of retailers, manufacturers, finance companies, doctors, dentists, opticians, hotels, health clubs, restaurants and food production companies in the county to easily upgrade technology and avoid equipment obsolescence.
As well as the ability to frequently update specialist equipment without tying up available cash, a leasing scheme can offer considerable tax benefits. From IT equipment or medical technology to an entire office refurbishment, a wide range of specialist equipment can be leased as well as entire projects. Other lease options include furniture, computers, security systems and even maintenance agreements. Any combination of equipment and technology can be chosen from multiple suppliers and organised within a single lease agreement.
With over 10 years of experience in serving businesses in Norfolk WestWon has recently provided over 45 leasing deals in the area, including 15 in Norwich and 10 leasing deals in Kings Lynn. WestWon is a leasing company that possesses valuable local knowledge to help companies find the right leasing solution for their particular business and has 154 local leasing suppliers and partners in Norfolk including 10 in Diss, 21 in Great Yarmouth, 24 in Kings Lynn, 61 in Norwich and 10 in Thetford, and also works with many of the 465 Norfolk schools as well to provide iPads and tablets for education.
WestWon Limited can provide asset finance solutions for a variety of organisations in Worcestershire. For more information, download the Essential Guide to Leasing for Business.