Hire Purchase

When ultimate ownership of your machinery is a requirement, hire purchase can spread the cost of ownership over the life of the asset.

Contract Hire

Contract hire combines an operating lease with a maintenance contract all included in the rental giving predictable cash flow.

Operating Leasing

An off balance sheet, highly flexible, low cost method of spreading the cost of acquiring the assets you need by having the option to return the machine to the provider.


Annual Investment Allowance (AIA)
The Annual Investment Allowance has been set at its highest ever permanent level. It is imperative to plan your qualifying capital expenditure now to maximise the relief available. To continue to support British Companies, the Chancellor announced in the summer 2015 budget, that instead of dropping back £25,000 as planned for businesses investing in plant or machinery, the Government would support British industry and from 1st January 2016 the annual investment allowance (AIA) limit would be £200,000 for the rest of the parliaments term in office. Please therefore make sure you're utilising your allowances effectively, continuing to stimulate growth in your companies, whilst benefiting from additional time-limited incentives provided by the government. To discuss in greater detail please don't hesitate to contact Steve Moorcroft.

We have experience in aerospace, power generation, petrochemical, automotive, medical, marine, oil & gas and construction - If you or your clients are involved in any of these industries we can provide the service and care you require. Of we are not limited to just these we can help with all aspects of machine tool funding for engineering disciplines. Why not allow Leader CNC to help you obtain funding to purchase your Machine Tool.

Government Led Initials

As Regional Growth Fund Grants have now expired as of 31st March 2017, we are yet to be advised by HMRC or Close Brother Plc as to whether there will be more to come in the future. Whilst this avenue of funding has now closed there are still local business funding schemes to be allocated through the Local Enterprise Partnership (LEPs) or through local authorities and organisations such as the Chamber of Commerce. However there were 512 registered schemes as the last count! So a good place to start your research is on the government website.

Business grants are available at a local and national level and usually sector specific. They offer between £1,000 and £100,000 for SMEs, but funds can be unlimited for larger businesses within EU state aid programmes. The Business grants and funding available to U.K small businesses /government-grants/

With grants you don’t pay the money back. However, it’s worth nothing there will be clawback terms if you falsify claims in respect to expected outputs set by the grant scheme. Therefore, ensure your application is captivating and through as it will go through a due diligence process.

Normally there are two stages, submitting an Expression of Interest (EOI) to ensure your business and grant application meets the scope of the grant call and then a fill application process whereby you will need to supply, market research, a business plan and at least 1-3 years of financial forecasts.

It is always worth getting a second opinion regarding the feasibility and strength of your application against the grant objectives and any regional strategic economic plan. Therefore speak to your accountant, a local business advisor or the Growth Hub, or indeed myself Steve Moorcroft (Finance Director).

The larger grant opportunities can be competitive and therefore be a long-drawn-out process, taking several months in some cases to receive just an offer. So if you are looking for subsidies and money quickly a grant may not be the right solution for your business.

Note each U.K region may have a focus on specific business sectors, business sizes and locations, as eligibility can be even post code specific.

Take a look at the government business funding support finder website -

Funding For Lending Scheme (Lloyds PLC)

Funding For Lending Scheme brought into practice in July 2012. Under the Lloyds Bank Funding for Lending Scheme, eligible businesses may benefit from a discount of upto 1% on their cost of borrowing. Please feel free to discuss with Steve in greater detail if so required.