to include measures to support asset finance for the SME sector in
its pre-budget report submission.
Britain’s trade association for the asset, consumer and motor
finance sectors said that a series of measures should be introduced
in the document which is being submitted later this year, to help
support continued investment by SMEs, which often find it difficult
to raise money, particularly in the current economic climate.
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FLA director general Stephen Sklaroff said that “more could be
done” if the government helped companies, “by ensuring we can pass
on the benefit of well-targeted capital allowances to our
customers, and that government help for investment in small
businesses is available for leased, as well as bought, assets.”
The measures, according to FLA, should include an extension of
enhanced capital allowances to all SME investments for a fixed
period, and a removal of the restrictions on the use of capital
allowances for leased assets for small companies.
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