Allica Bank Asset Finance can empower your business with up to £500,000 of finance for plant and machinery assets that qualify for the super deduction tax break.*
In the 2021 Budget, the government introduced a tax incentive to encourage businesses to invest in their plant and machinery.
This 'super-deduction' means you can cut your tax bill by 25p for every pound your business invests, including on assets bought using asset finance!
Find out more about the super deduction tax break here – or speak to an Allica Bank relationship manager to see how your business could benefit.
Asset finance lets your business purchase the plant and machinery it needs to drive productivity and expand.
You pay a set amount each month to use the asset, rather than paying the full upfront cost. Then, when you’ve made the last repayment, it belongs to you. It can be a great way to purchase either new or used equipment while keeping a handle on your cashflow.
And now, through the super deduction tax incentive, it could be even more cost-effective.*
At Allica Bank Asset Finance, we use tailored expertise and modern technology to provide asset finance specifically designed to meet the needs of established small and medium-sized businesses. This means:
*Tax treatment depends on individual circumstances and may be subject to change. We recommend seeking the advice of a professional accountant.
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Asset finance is when a finance provider helps your business purchase new/used assets or equipment, using the asset as security. In return, you make repayments to the provider over a set time period, usually with a small amount of interest.
It helps you acquire the newest and best assets to run your business, without causing a big hole in your cash flow. For example:
Asset finance is when a finance provider helps your business purchase new/used assets or equipment, using the asset as security. In return, you make repayments to the provider over a set time period, usually with a small amount of interest.
It helps you acquire the newest and best assets to run your business, without causing a big hole in your cash flow. For example:
Speak to one of our team to find out how we might be able to help your business.
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