Finance & Leasing Association

The Finance & Leasing Association is the leading trade body for the asset, consumer, and motor finance sectors in the UK. It represents a wide range of members including banks, building societies, finance arms of retailers and manufacturing companies, as well as independent firms. In 2023, members of the FLA provided a significant £151 billion of new finance to UK businesses and households. Notably, £52 billion was allocated to assist consumers and businesses in purchasing new and used cars, encompassing a substantial 78.6% of private new car registrations. The association also played a vital role in consumer credit, contributing to almost a third of all new consumer credit in the UK with £113 billion. Furthermore, £38 billion in finance was directed towards businesses and the public sector to support investment in new equipment, representing almost a third of UK investment in machinery, equipment, and purchased software in 2023.

This performance demonstrates the extensive impact and influence of the Finance & Leasing Association within the Finance and Financial Services industries. Given the substantial scale and reach of its activities, the association underscores its pivotal role in driving economic growth and facilitating financial transactions within the UK market.