The National Association of Commercial Finance Brokers (NACFB) is moving its head office to London to help boost its lobbying activity.
The body which represents brokers in the leasing and asset finance industry in the UK has been based in Exeter for the majority of its 20-year history but intends to be based in the UK capital before the end of November.
Writing in the NACFB’s member magazine, Adam Tyler, chief executive of the NACFB, said: “Over the last two years, and with an even greater acceleration in the past six months, I have been spending more and more time in London, with three days a week becoming the norm.
“London has become the key geographical focus for the NACFB as our lobbying is at Westminster and most of our patrons are in London. It is the hub of the UK financial services industry and even meetings with existing and potential members are always in London. It is therefore key for the NACFB to have more of a presence in the capital.
“It will also give us easier access to government departments, such as the ongoing case of the £100m Business Finance Partnership which the NACFB is lobbying to be a key player in. Although designed to help SMEs across the UK, the case is focused on the UK Department for Business Innovation and Skills (BIS) in Central London.
“It is also essential that the Association’s base is easily accessible to our patrons, members, regulators, press and other trade associations as well as our other key contacts.”
The NACFB said the roles currently undertaken in Exeter will not change significantly in London although some will be amalgamated.