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July 1, 2010updated 12 Apr 2017 4:22pm

Asset finance “could help green economy”

The Finance and Leasing Association (FLA) has spoken out on the importance of asset finance companies in financing a low carbon economy. The FLAs comments come in the wake of the publication of the Green Investment Bank Commissions plans for delivering Britains low carbon future. In a report commissioned by the Conservative party, the Commission states Britain will need a green bank to meet its goals to cut carbon emissions and reduce fossil fuel usage by 2020.

By Claire Hack

The Finance and Leasing Association (FLA) has spoken out on the importance of asset finance companies in financing a low carbon economy.

The FLA’s comments come in the wake of the publication of the Green Investment Bank Commission’s plans for “delivering Britain’s low carbon future”.

In a report commissioned by the Conservative party, the Commission states Britain will need a “green bank” to meet its goals to cut carbon emissions and reduce fossil fuel usage by 2020.

Julian Rose, head of asset finance at the FLA, said: “Asset finance companies could play an important role in financing a low carbon economy.  

“The report published today recognises the importance of risk sharing.

“A modest amount of risk sharing by the government, in return for a fee from asset finance providers, would go a long way to achieving the Commission’s objectives.

“We look forward to discussing the finance options with the Government in more detail.”

Claire Hack

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