Investment in plant and
machinery by small business grew for the first time since the
recession began in the three months to end-September.
New business volumes in the
sector rose by 15% to £4.6bn (€5.4bn) in the three months to
end-September.
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Julian Rose, head of asset
finance at the FLA, which collated the figures, said: “Growth in
business investment in new plant and machinery is a positive sign
for the manufacturing sector and encouraging for the economy as a
whole. Asset finance is able to help many businesses to invest
again after a long period of making do with their existing
equipment.”
The FLA has conducted a series of interviews with small
businesses which have chosen asset finance as a source of funding.
It claimed that the research demonstrated asset finance was easy
and inexpensive to obtain, and that leasing and vendor finance were
popular options among medium-size businesses.
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By GlobalData
