From the White Clarke Group:

The latest FLA figures show fifteen consecutive months of solid growth in asset finance, with good performances in key sectors including: plant & machinery finance (P&M, +48% compared with the same month in the previous year), car finance (+11%), IT equipment finance (+10%), and business equipment finance (+6%). Data provided by FLA members show NBV grew 13% in December, compared with the same month a year earlier, to over £2.5 billion, which itself represented a 25% month-on-month increase over November. The success rate of asset finance on application for micro, small and medium-sized businesses is the highest of all the major finance options. White Clarke Group’s annual UK Asset and Auto Finance Survey will be available on February 23, and will provide a comprehensive update.