Delegates at Euromoney’s 27th Annual World Leasing Convention
yesterday (June 9) heard Stephen Sklaroff, the director general of
the Finance & Leasing Association (FLA) speak of the importance
of leasing for beating the recession.
According to Sklaroff, leasing can and should act as a catalyst
for recovery during the recession.
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“I believe this is a market with significant potential for
growth. Asset finance is vital to the recovery of the world economy
from the current recession,” he said.
“Asset finance companies are especially well-placed to help
Britain achieve a low carbon economy for the 21st century. Leasing
could be the first choice for many businesses and public sector
enterprises seeking to invest in new equipment and in the latest
technology.”
The FLA’s statistics show that in 2008, asset finance provided
£28.8 billion (€33.6 billion) to businesses and the public sector,
and was used by around 20 percent of all SMEs.
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