Getting finance flowing for the construction industry
Chris Smith Head of Specialist Equipment ,
Aldermore
We have been providing finance to help the construction industry acquire the assets it needs to fulfil contracts since we opened our doors in 2009 , primarily alongside our broker partners .
Expanding our approach
Access to finance is of paramount importance to UK businesses and we know that if our customers can ’ t get the finance they need , this can cause delays to projects , missed opportunities to grow and a loss of competitive advantage .
We ’ ve made it our mission to provide flexible finance solutions to organisations operating or involved in this crucial sector through an expanded multichannel approach .
To do this , we ’ ve invested in expertise , more than doubling our sales team . We ’ ve brought in colleagues with vast experience in the industry supporting vendors and direct customers , to structure agreements to meet the needs of the sector . This is all alongside improving our service offering for our broker partners as well .
We launched our enhanced proposition at the Plantworx show in June , fully immersing ourselves in the sector and the equipment on show . We believe that understanding the latest equipment and exploring emerging technologies that will drive the industry to a greener and more sustainable future is paramount for lenders . These are the products our customers will have to be investing in as the industry evolves and supply chain demands change .
What we offer
We ’ re supporting customers in the construction industry to allow them to focus on what they do best , run their businesses . We do this by utilising our extensive experience to understand how they operate , and the wide range of equipment being acquired , structuring their finance agreements to align to the revenue streams of their projects .
On top of this , we ’ re deploying the latest technology to give fast , straightforward decisions , with our purpose-built automated underwriting , allowing us to quickly give customers peace of mind on smaller transactions .
In recent months we ’ ve seen an overwhelmingly positive reception to our enhanced proposition . We ’ ve provided funding solutions to a wide array of construction customers including machinery used on the HS2 project , to a diverse acquisition of yellow plant equipment for one of the UK ’ s largest plant hirer businesses .
Scan here to find out more about how we could help your business or to contact our team :
T & Cs will apply , subject to status and affordability . Any asset used as security may be at risk if you do not repay any debt secured on it .