According to the latest figures from the Finance & Leasing Association (FLA) The UK asset finance market grew by 9% in the second quarter of 2012 with new business volume for the three months to the end of June of £5.3bn (€6.6bn) compared to £4.9bn in 2011.
The FLA said more than 50,000 businesses invested in new equipment using leasing over the three-month period with more agreements were made through commercial finance brokers and equipment suppliers, with both channels up by 14% in the quarter.
WestWon’s CEO Jeremy Hall commented, “Our experience mirrors these findings, both within Buckinghamshire and UK-wide. Confidence amongst small and medium sized businesses in particular is strong and we also experiencing a sharp increase in enquiries from potential equipment suppliers and partners. Overall, new business is growing steadily versus the previous year.”
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