ADVICE ON FINANCE
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NEED ADVICE ON ASSET FINANCE?
Updating machinery or equipment can be very expensive, but asset finance (leasing and hire purchase) is used by more and more businesses to acquire what they need, when they need it. It’s versatile too – if you need a piece of equipment to fulfil an order, you operate in an industry where hardware becomes obsolete very quickly, or you simply need to continue production while an existing machine is repaired, leasing would be a better option than buying.
The usual arrangement is that a leasing company would buy and own the equipment on your behalf, and you would then effectively rent its use over a predetermined period. The lease agreement is usually at a fixed interest rate, which is a real bonus when budgeting or planning future expenditure.
NEED ADVICE ON GRANT FUNDING?
Grants are quantities of money that businesses can receive for specific purposes or social aims.
Local businesses in the UK can apply for grants from charities, local councils, or the national government. They can also submit their applications to the European Union.
Even though you will not need to pay back a grant, there is a great deal of competition.