Monday, May 24, 2010
Syscap argues for leasing to be part of SME scheme
UK independent IT finance provider Syscap is calling on the Conservative-Liberal Democrat government to include leasing as part of its plans to introduce a major new loan guarantee scheme to small and medium enterprises (SMEs).
The previous Labour government’s flagship Enterprise Finance Guarantee (EFG) scheme excluded leasing from the forms of finance it was prepared to guarantee, and according to Syscap, this exclusion partly contributed to a drop in business investment. Figures released by the UK’s Finance and Leasing Association (FLA) reveal that the amount of business finance made available to British businesses was £4.1bn in the first quarter of 2010, down 25% from the year-ago period.
DATED: 24.05.10
FEED: AFE
