WRAP up your finances

If you already work in the recycling sector, or are thinking about setting up a new operation, you may be aware how difficult it has been to lease vital machinery and equipment in a relatively new and unproven area - until now. Our experience at the recent WRAP show has demonstrated that there are many strong businesses struggling for the lack of finance and we intend to help.

The eQuip Residual Value Guarantee (RVG) Leasing Scheme has been set up to give recycling companies access to lease finance for plant and machinery by guaranteeing its future value. Close Asset Finance Limited has been approved by eQuip as a lessor and is a proactive supporter of the scheme.

Under eQuip, WRAP will guarantee the future residual value of the equipment you want to lease, which has the effect of reducing your regular rentals. The value of the eQuip guarantee will relate to the specific equipment leased and the expected market conditions for disposing of the equipment at the end of the agreed lease period.

The RVG scheme is open to businesses demonstrating strong market demand for their product or service. These can be small and medium sized businesses throughout the UK and large companies whose process can be demonstrated to be incorporating the newest and most advanced technology

To be eligible, current or planned business activity must be one of the following:

• sorting, reprocessing or recycling of glass, plastic, wood, paper, aggregates, organics, plasterboard, tyres, or battery waste materials; or
• collection technology or infrastructure that is specifically designed to enhance the above; or
• manufacture of products incorporating recycled glass, plastic, wood, paper, aggregates, organics, plasterboard, tyres, or battery waste materials.

For further information on the eQuip scheme call us on 0845 680 0261