Leasing In Durham Helps Boost Local Business Growth

Durham is the county town of County Durham. The city sits on the River Wear to the south of Newcastle upon Tyne and the north of Darlington. Durham is well known for its Norman cathederal and 11^th century castle.

As the economy starts to pick up, more and more companies in Durham and throughout the county of  Durham are investing in capital equipment with the help of flexible leasing solutions from local asset finance companies.

One of the fastest growing and most popular ways for businesses to finance their investment in equipment and technology is through a lease agreement. Leasing allows all sorts of retailers, manufacturers, laboratories, opticians, health clubs, restaurants and construction companies in Durham 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. With an operating lease, lease ‘rental’ payments are an allowable business expense that can be set against profit – thereby potentially reducing your tax bill.

From IT equipment or medical technology to an entire office refurbishment, a wide range of specialist equipment can be leased locally as well as entire projects. Some of the most popular types of equipment leased in Durham are:

• IT equipment (e.g. computers, tablets, printers)
• IT Software
• Engineering equipment
• Office furniture
• Scientific and medical technology
• Catering equipment
• Industrial machinery
• Hairdressing and beauty equipment
• Sports and leisure equipment
• Processing and packaging machines
• Retail equipment
• Manufacturing equipment (e.g. cutting machines, injection moulding systems)
• CCTV and security systems
• Scaffolding and construction equipment
• Waste and recycling equipment

WestWon has been helping businesses of all sizes and sectors in Durham drive their business forward by arranging lease agreements to meet their needs. With a network of over 60 finance partners and suppliers throughout in the Durham area, including 10 in Durham and 12 in Darlington the company is able to provide each business with a tailored service and a dedicated account manager. The company also works with many of the 300 schools in the area, including 25 in Chester Le Street and  21 in Consett.

For more advice on leasing and selecting a reputable leasing partner in the Durham area, download your free Essential Guide to Leasing for Business.