With the costs of manufacturing and production lines ever-increasing and the technology involved in making a more efficient and successful workplace always evolving, keeping up with the latest in machinery can be an essential requirement for manufacturing businesses. From AI-led mechanisms to next-generation manufacturing techniques, choosing to finance your manufacturing business can open the door for future projects.
Why choose finance for your manufacturing business?
With experience across hundreds of different specialised industries, WestWon has the expertise you need to scale your business to new heights. Our top industry-leading rates, in combination with our unique approach to supplier relationships, means we can do all the legwork for you. With over 50 UK funders, when you choose WestWon for your financing you know you’re choosing a company that you can trust.
You will be able to keep funds in your business to be used elsewhere
Alternative lines of funding
You don’t have to use up a bank facility you already have
On rental agreements, the VAT is included in the rental, not in a lump sum
Pay for the equipment as you use it
Companies pay employees over time as they work, so why pay all the cost for your manufacturing equipment in advance?
The latest equipment
Always have the latest machinery at your disposal by implementing a recycling strategy, whereby you replace equipment at the end of the lease term
Using a lease rental agreement, 100% of your rental is deductible against your companies corporation tax
Manufacturing Equipment Leasing example
A global design agency with 18 offices throughout the world
£41,145 + VAT
£14,161.25 + VAT per quarter
Financing a Harrison Alpha 1350 XS Manual/CNC Lathe
The Manufacturing Sector and Further Benefits of Financing
When it comes to deciding on the addition of new, profitable machinery, or upgrading existing technologies, financing provides the ideal way to ensure your business has everything your clients need to get the job done, with no delay. By choosing to spread the cost of machinery, which is often high-value and high-profit, with a month-to-month fee structure, staying ahead of the competition is far more achievable
Whether you’re looking to introduce new methods of manufacturing to your facility, expand on what you can produce or replace existing machinery, choosing finance opens the door to limitless opportunities when it comes to remaining on the cutting edge of your industry. The frequent, reduced cost of investment ensures that you’re not left with a hefty bill in just one month or quarter, keeping your budget lower and more consistent.
The benefits of finance for a manufacturing business
In an industry where new technology is continually being developed and introduced, from 3D printing techniques through to expansions on existing manufacturing procedures or routines, staying up to date is key to running a successful, profitable manufacturing business. Not only does newer and more appropriate machinery benefit your budget, it also ensures your employees are safer with equipment that goes above and beyond regulatory standards.
When it comes to mass-producing items or products, or even creating short runs of a particular material or product, consistency is key to producing something your clients will love. By purchasing up-to-date machines through finance, you can ensure that the quality of the things you provide is up to the standard you’re proud of, by performing as well as possible.
For special projects and the creation of complex or challenging products, the addition of specialised and often expensive equipment may be required to meet the needs and functionality for manufacture. Finance can enable your business to take on these often profitable and prestigious projects without the significant up-front investment – allowing you to profit sooner and for longer.
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