Asset-based Funding

Asset-Based Funding to UK Manufacturing Businesses Hits £2.41bn

Asset-Based Funding to UK Manufacturing Businesses Hits £2.41bn

Asset-based funding among UK manufacturers has increased dramatically in the last five years growing by 20% to £2.41bn, according to research by the business finance group the LDF. The analysis, which looked at data from over 100,000 UK enterprises, indicated that an increasing number of UK manufacturing businesses are choosing asset finance for growth as bank lending continues to drop, falling 14% since 2010. The report also looked at what subsectors were using the alternative finance route the most, with alcoholic drink producers topping the list at 26.2%; followed by metal production (16.4%); food and drink (11.5%); pharmaceuticals (5.3%); cars (4.7%); plastics (4.4%); machinery (4.1%); electronics (3.9%); chemicals (3.8%) and aerospace businesses (3%). Peter Alderson, managing director... »

Asset-based Funding Jumps 10% to Reach Five-year High

£23.9bn borrowed in leasing by small and mid-sized businesses last year Business investment obtained through leasing has jumped 10% in the last year to reach a five-year high, according to a new report. Research by finance provider the LDF revealed that asset finance has steadily increased in popularity since the recession as an increasing amount of businesses have found it difficult to secure vital funding through more traditional lending streams. The amount of funding obtained through asset finance, which allows businesses to borrow the cost of a capital investment upfront and spread the repayments across fixed monthly payments, has increased by £4.3bn since 2009/10, jumping from £21.7bn to £23.9bn within the last year alone. As well as monitoring the amount of investment obtained over t... »