An essential part of the UK economy, the engineering sector employs more than five million people and contributes £1.06 trillion in turnover. Now, as always, engineering plays a central role in ensuring sustainable economic growth.
The outlook for the sector is positive. The European engineering industry has been set the ambitious goal of increasing output to more than 20% of the GDP by 2020. There are many UK firms with the capability and determination to rise to this challenge, but generating this growth will require investment. Worn out or obsolete assets will need to be replaced with those that improve productivity and cost effectiveness.
We’re here to help. At Close Brothers Asset Finance our specialists have in-depth knowledge of the engineering industry and extensive experience of delivering funding for the assets it needs. We’ll work with you to find an affordable way to spread the cost of the equipment and machinery you need, through a tailored hire purchase, lease or refinance package.
From £5,000 to £5 million+, we provide funding solutions for a comprehensive range of engineering assets.