FLA is the principal representative of the asset, consumer and motor finance sectors in the UK. Its members comprise banks, subsidiaries of banks and building societies, the finance arms of leading retailers and manufacturing companies, and a range of independent firms.

The facilities provided by FLA members include finance leasing, operating leasing, contract hire, hire purchase, conditional sale, personal contract purchase plans, personal lease plans, secured and unsecured personal loans, credit cards and store cards.

FLA members achieved £93 billion of new business in 2006.  Of this £27.5 billion was provided to the business sector and UK public services, representing 30% of all fixed capital investment in the UK in 2006 (excluding real property).

The remaining £65.5 billion was provided to the consumer sector, which included 28.8% of all unsecured lending in the UK. Within this, our members provided a total of £18.4 billion in finance to fund car purchases in 2006. This equated to financing 1.660 million cars in the UK.

Visit their website www.fla.org.uk for more information.