BNP Paribas Leasing Solutions UK has expanded its offering into the food and drink equipment market as an extension of the company’s agriculture finance division.

The division based in Basingstoke has a dedicated team headed-up by Paul Baker, head of food and agriculture, along with Nicky Easton and Neil Curtis, who are jointly responsible for business development. They are to be supported by an experienced sales team handling incoming financing enquiries.

Jean-Michel Boyer, chief executive officer of BNP Paribas Leasing Solutions UK, said: “Investing in food and drink equipment, from production machinery to packaging and processing equipment, means businesses operating across the supply chain can improve productivity and keep up with technological advances.

“The expansion of our agriculture division to include food and drink equipment finance means that we can now support businesses with their equipment needs from field to fork.

“We pride ourselves on financing the real economy and we are delighted to be able to work with businesses across the agriculture supply chain including those in growing and cultivating, in food processing and packaging, in the transportation of food goods and in materials handling for the movement and processing of food products. Digital transformation, made possible by the acquisition of new equipment through a trusted finance provider, means businesses can grow, safe in the knowledge that their costs are predictable and manageable.”

In addition to food equipment finance, BNP Paribas Leasing Solutions UK is focused in sectors including commercial vehicles, construction, healthcare, IT and telecoms and materials handling.

Last month, Pascal Layan, deputy chief executive officer of BNP Paribas Leasing Solutions, appeared on French television show Green Reflex to discuss the circular economy and remarketing of equipment.

Speaking to presenter Erwan Morice, Layan detailed an overview of the leasing process, explaining how ownership is retained by the lessor and how remarketing is integral to many sectors.