Waste & Resources Action Programme (WRAP) has appointed 10
new lessors to its eQuip residual guarantee scheme.
They join the 10 existing panel members and will assist in
guaranteeing asset finance as the recycling sectors grow in
importance.
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The eQuip panel now also includes Close Asset Finance,
Clydesdale Bank, De Lage Landen Leasing, Fortis Lease UK, HSBC
Equipment Finance UK, ING Lease UK, JCB Finance, KBC Lease, Triple
Point Investment Management LLP and Vision Asset Finance.
The eQuip scheme was launched in 2004 to stimulate investment in
the recycling sector and is managed by Cranmer Lawrence &
Company on WRAP’s behalf. The scheme offers residual-value
guarantee on plant and machinery to lessors able to provide
operating leases to recycling businesses.
Ian Wardle, head of business support at eQuip, told Leasing
Life: “Since its inception, 358 assets have been guaranteed
through eQuip, at a value in excess of £21m.
“These assets have already diverted three-and-a-half million
tonnes of waste from landfill and the demand for this type of
activity is going to grow rapidly in the next few years. The
extended panel of lessors will help the recycling sector to keep
pace with this demand.”
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