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FLA reports a 16% increase in broker business by Chris Ferguson, NACFB

The Finance and Leasing As- sociation has recently report- ed that asset finance business introduced by brokers has increased by 16% and is now worth £3.4bn. The increase in asset finance from brokers corroborates the NACFB’s increase in applications from brokers operating in this sec-

tor. Despite applications from some areas of the market de- clining, the NACFB has seen a significant increase in appli- cations from the asset finance sector. NACFB chief executive

Adam Tyler said: “It is very encouraging to see an in- crease in broker introduced business and it underscores the important role that the

broker plays in the com- mercial market. The NACFB has sought to enhance and nurture the growth in the as- set finance sector and events such as the NACFB Asset Finance Seminar are specifi- cally run by the Association to support our brokers in this area. We have also introduced the Small Business Finance Directory that was officially

opened by Lord Sassoon, Commercial Secretary to the Treasury at the NACFB Asset Finance Seminar, which is a new website to help fund UK businesses. The site lists bro- kers, funders and equipment finance specialists across the UK and aims to put busi- ness in to direct contact with brokers and funders that can help.”

The NACFB’s recent Asset Finance Seminar held at the Church House Conference Cen- tre in Westminster, London. With over 150 delegates attending and a wide range of speakers from across the industry, the day was hailed a great success, becoming one of the main events that the NACFB stages. The day was a great opportunity for bro-

kers and funders to come together to discuss the problems in the market and more impor- tantly, the ways in which they can work to-

Second NACFB Asset Finance Seminar a success NACFB takes on new patrons

gether to move the industry forward. The day also incorporated the official

launch of the Small Business Finance Direc- tory, the joint venture between the NACFB and the FLA, by Lord Sassoon – Commer- cial Secretary to the Treasury. The Small Business Finance Directory has attracted considerable interest from the inside the in- dustry as well as from the national press, with details recently featuring in the Mail on Sunday.

The total number of NACFB patrons has now risen to 75 with a number of funders recently joining the NACFB’s panel, with others in the process of application. Adam Tyler, CEO of the

NACFB, said: “I have been particularly busy recently with meeting various funders interested in patronage and the office has experienced a notable increase in funders looking to join the NACFB. We have recently taken on new funders such as FBSE and Fincorp and we have been impressed with the calibre of funders that have enquired about joining. We believe that the increase in patronage levels in the NACFB is indicative of a step in the right direction.”


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