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Regional Growth Fund
11
Jan

Thorne Asset Finance | Regional Growth Fund

Regional Growth Fund

We are actively working with our customers to help them take advantage of the Regional Growth Fund (RGF) which is a £3.2 billion fund set up by the government to assist small and medium-sized businesses. This money is used to fund up to 20% of the cost of a new item of capital. There are, like with all government funds, criteria that must be met such as:

  • the business having less than 250 employees
  • the business having a turnover less than £35m
  • the equipment being used to safeguard or create jobs

Many clients are taking advantage of this to help subsidise new capital expenditure, freeing up other funds to help further develop their business in other areas.

Annual Investment Allowance
11
Jan

Thorne Asset Finance | Annual Investment Allowance

Annual Investment Allowance

This year sees the start of a change in the Annual Investment Allowance (AIA) which has been significantly reduced from £500,000 to £200,000 per year. Whilst some of our clients may have been well within the previous allowance, the new figure has forced more of our clients to plan carefully when looking to make sizeable purchases.

Allow us to make your life easier...

Contact us today to see how we can help. It might be the best call that you’ve made all year.

NACFB Financial Conduct Authority