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Plant sales up by 30% in first-quarter!


As the economy continues to recover, plant equipment sales were up 30% in the first quarter of 2021 and even 2.9% higher than 2019 (by number of units). Unit sales of construction equipment in the UK have recovered to pre-Covid levels, industry statistics suggest.




Asset Finance continues to be an extremely valuable tool for purchasing plant equipment. With monthly repayments over a set term, firms can profit from equipment use immediately rather than having to claw it back when paying upfront. It is also possible to include repair and maintenance costs into the finance agreement. Another benefit is that asset finance frees up other finance options needed for growth, like commercial loans or invoice finance. Asset Refinance is also a useful tool for firms that own equipment outright. You can free up equity from existing equipment and use the cash for other projects or needs within the business.


But that’s not all…in March 2021 chancellor Rishi Sunak announced a ‘super-deduction’ tax break for companies investing in new equipment over the next two years. This will cut companies’ tax bill by 25p for every pound they invest in new equipment, the chancellor said, meaning that they can reduce their taxable profits by 130% of the cost.


With several clear benefits to purchasing assets like plant equipment, there really is no reason to hesitate.


 

For more information please call one of our Account Managers on 01908 429888 or email us at info@approved-finance.co.uk



 
 
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Copyright © 2025 Approved Business Finance Ltd. All rights reserved.

 

Approved Business Finance Ltd is an independent asset finance brokerage and not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent finance advisors and so are unable to provide you with independent finance advice. Approved Business Finance Ltd will receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them. We will receive commission from our lenders. Approved Business Finance Ltd aims to provide our customers with the highest standards of service. If our service fails to meet your requirements, we will endeavour to find a resolution. 

 

Approved Business Finance Ltd is an Appointed Representative of AFS Compliance Ltd, which is Authorised and Regulated by the Financial Conduct Authority, firm number 625035. Approved Business Finance Ltd is a Franchisee of Asset Finance Solutions (UK) Ltd. Approved Business Finance Ltd is incorporated in England and Wales (company number: 11914104) with its office at Seebeck House, Seebeck Pl, Milton Keynes MK9 8FR

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