UK Asset Finance Sector Sees 7% Growth in December 2024
February 19, 2025 - 16:25
The UK asset finance sector experienced a notable increase in new business during December 2024, with a growth rate of 7% compared to the same month in the previous year. This growth is indicative of a robust market, reflecting the ongoing demand for financing solutions in various sectors.
Throughout the entirety of 2024, the asset finance new business figures were also promising, showing a 3% rise compared to 2023. This consistent upward trend highlights the resilience and adaptability of the asset finance industry, as businesses continue to invest in essential equipment and vehicles to support their operations.
Particularly noteworthy was the performance in commercial vehicle finance and plant and machinery financing, which played a significant role in driving this growth. As companies look to modernize their fleets and enhance productivity, the asset finance sector remains a crucial component of the UK economy, providing businesses with the necessary resources to thrive in a competitive landscape.
MORE NEWS
December 20, 2025 - 04:12
SB Financial Group's Board of Directors Undergoes TransitionDEFIANCE, Ohio, Dec. 19, 2025 -- SB Financial Group, Inc., a diversified financial services company, has announced a significant transition within its Board of Directors. As of December 17, 2025,...
December 19, 2025 - 05:40
Promising Penny Stocks in the Middle East: A Look at Growth PotentialAs most Gulf stock markets rise, buoyed by steady oil prices, the Middle Eastern financial landscape is capturing attention with its resilience and potential. Penny stocks, often viewed as a relic...
December 18, 2025 - 23:52
Brazil's Finance Minister Emphasizes Importance of EU-Mercosur Trade AgreementBrazilian Finance Minister Fernando Haddad highlighted the significance of advancing the trade agreement between the European Union and the Mercosur bloc during a recent statement. He stressed that...
December 18, 2025 - 05:42
Financial Concerns Loom Over Dallas: A Cautionary TaleDALLAS -- Nearly a decade ago, a pension crisis in the police and fire retirement system put Dallas in a precarious financial position, making the city a national cautionary tale. The fallout from...