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ICAEW, FLA and British Business Bank jointly publish Asset Finance Guide

The Asset Finance Guide sets out the benefits of asset finance to help business owners decide if can help them achieve their growth plans.

Asset finance remains an essential part of the investment recovery story as it increases small businesses capacity to invest. Total asset finance of £29bn provided by FLA members in 2015 is equivalent to almost 32% of UK investment in machinery, equipment and purchased software.

This guide sets out some key aspects for smaller businesses to consider when thinking about asset finance, including the different types of asset finance options available when seeking to fund business investment and expansion plans.

The information in the asset finance guide is useful for advisers and businesses investigating the finance options available to fund growth. . It also includes explanations on the tax treatment of leases and hire purchase, with some recent case studies and sources of information and finance.

You can access a pdf copy of the guide from our online Library here. Or, if you provide advice or are a lender to smaller businesses and would like copies of the guide to use as part of your advice offering please email info@british-business-bank.co.uk