Ian Isaac, Lombard’s interim managing director, is the latest governor to join the Leasing Foundation.
Isaac’s predecessor Andy Hart joined the not-for-profit organisation in October and continues as a governor despite leaving Lombard, and the leasing industry, in March.
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Isaac, quoting research from Lombard, recently stated that one in three UK businesses is in "survival mode" and having to turn down new orders due to a lack of investment in capital equipment which he said was costing the UK economy around £5.4bn a year in lost orders.
Tarun Mistry, one of the Foundation’s directors, said: "As Lombard’s own research reveals, there is a low level of awareness of asset finance by UK businesses, and we look forward to working with the industry to develop strategies to increase that awareness."
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