The Finance & Leasing Association is the leading trade body for the asset, consumer and motor finance sectors in the UK. Our members include banks, subsidiaries of banks and building societies, the finance arms of leading retailers and manufacturing companies, and a range of independent firms.
In 2020, members of the Finance & Leasing Association (FLA) provided £113 billion of new finance to UK businesses and households, £39 billion of which helped consumers and businesses buy new and used cars, including over 93% of private new car registrations.
£86 billion was in the form of consumer credit, accounting for over a third of all new consumer credit written in the UK. £27 billion of finance was provided to businesses and the public sector to support investment in new equipment, representing over a third of UK investment in machinery, equipment and purchased software in the UK last year.
Asset finance market fell by 7% in October 2021
Consumer car finance market fell 1% by value and 11% by volume in October 2021
Consumer finance new business grew by 11% in October 2021
Second charge mortgage new business volumes grew by 43% in October 2021
Rebecca McNeil CEO of Close Brothers Retail to be the new FLA Chair
Asset finance market grew by 6% in September 2021
Consumer car finance market fell by 21% in September 2021
Consumer finance new business grew by 1% in September 2021
Second charge mortgage new business volumes grew by 67% in September 2021
FLA welcomes extension of Recovery Loan Scheme
Chancellor must include Green Finance Wholesale Guarantee in Budget
Making Green Finance Mainstream – FLA launches its recommendations to scale up green lending
Green Finance Wholesale Guarantee needed to scale up green lending
Asset finance market grew by 6% in August 2021
Consumer car finance market fell by 10% in August