The coalition’s Green Paper signals a
change in attitude toward leasing and lessors in the UK.
Financing a Public Sector
Recovery name-checked both leasing and factoring, and was
positive about their benefits to business (see Green paper signals recovery role for asset
finance). It’s a first step in the right direction.
Go deeper with GlobalData
Leasing markets in Germany and the UK
were in growth for the second quarter of this year (see
German outlook: ‘schwarze
null’). Germany’s leasing association BDL reported growth
for the first time since 2009.
The UK’s FLA showed growth for the
first time since 2008. Both associations recorded inter-quartile
growth for the second quarter. Surely reasons to be cheerful?
The outlook for the full year is still
uncertain, however. Equipment leasing in France has had a difficult
time in 2010. French lessors expect small or flat growth for the
year (see In France, flat is
the new up).
Germany’s BDL predicted “schwarze
null” or “black zero” growth, meaning that business is likely to be
flat or only slightly up. Leasing may not yet be out of the woods
completely.
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By GlobalDataThe UK is awaiting the outcome of the
government’s comprehensive spending review, due in October, with a
degree of apprehension. Worst fears are that deep public spending
cuts could precipitate a double dip recession, although many think
it unlikely.
Leasing across Europe remains highly
competitive for new business (see Competition heats
up). Customer retention has come into focus more sharply.
Internal restructuring in some banks has created a certain amount
of instability in the market, too.
And yet innovations still happen.
A new private wealth fund (see
Private money to fuel a new small cap
lessor) shows some enthusiasm for new, or at least
reinvigorated, approaches to leasing. There is strength in some
sectors, such as cloud computing, the mobile access/mass storage
model of computing.
In the US, Dell and HP fought it out
to acquire data storage specialist 3par in August (see Dell and HP fight for cloud computing
company). The deal could open doors to significant vendor
finance opportunities for the winning bidder.
In the UK, the new Academies Bill will
from this month (September) give secondary schools the option to
take more control of their finances. This is expected to lead to more investment in IT, and willingness
to look at new financing arrangements.
The glass may not be brimming over,
but it can be seen as half full.
