Investec Asset Finance has provided £534m (€712m) in finance deals over the course of 2015, according to a company report.

According to the report, there was a 20% year-on-year increase in the volume of transactions greater than £25,000 in 2015. These transactions accounted 8.81% of the total, up from 7.33% in 2014.

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The same level of volume increase was recorded for hard asset transactions, with their share growing from 20.3% to 24.4%.

Investec Asset Finance reported that the materials handling division witnessed strong growth, as volumes grew by 60% in 2015. In addition, the value of deals between Investec Asset Finance and companies in the film processing sector was 1620% higher in 2015 than the previous year.

Electrical and mechanical assets was the asset category with the highest increase in the value of deals, growing by 341% year-on-year in 2015. Over the same period, the value of deals for non-metallic manufacturing assets and forklift trucks increased by 53% and 48% respectively.

East Anglia was the UK region with the highest growth in the value of deals for the company, as it increased by 30%, followed by West Midlands (29% increase).

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Investec Asset Finance’s sister company, Quantum Funding Limited financed £12m of business in 2015.

Quantum Funding targets a broader range of sectors, assets and credit profiles than Investec Asset Finance, and also looks at transactions where Investec Asset Finance has reached overall credit exposure.

Mike Francis, head of Investec Asset Finance, said: "I am delighted to say that in 2015 our portfolio performed well across a broad range of market sectors and asset types, and we saw 20% more businesses applying for finance to help them develop and expand than the previous year."