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Finance Explained:

Finance for Local Authorities

Local authorities often use asset finance as a means of acquiring the necessary equipment, facilities, and resources to provide high-quality services and facilities to their communities.

Asset finance enables local authorities to acquire assets without having to pay the full upfront cost. Instead, they can spread the cost over time through regular payments, making it more affordable and manageable.

Financing Assets for Local Authorities

Vehicles
Property
IT Equipment
Renewable Energy Systems

Assets

Types of assets local authorities can finance with Bluestone

At Bluestone, our expertise and wide funding panel allow us to offer finance solutions for assets across the board. Here are some of the assets local authorities could finance.

  • Vehicles: lease or purchase a fleet of vehicles for transportation and logistics, such as cars, vans, trucks, and buses.
  • Property: finance the acquisition or construction of property, such as offices, community centres, and social housing. This can also include the renovation or refurbishment of existing properties.
  • IT Equipment: finance a range of IT equipment to support their operations, such as computers, printers, and servers. Asset finance can be used to finance the purchase or lease of this equipment.
  • Renewable Energy Systems: finance can be used to finance the installation of renewable energy systems, such as solar panels, wind turbines, and energy-efficient lighting to enable local authorities to reduce their carbon footprint.

Finance for local authorities - A ground-up view of the Leeds City Council HQ, exemplifying the connection between finance and local governance.
Finance for local authorities commuting - A woman waiting for a train to arrive, representing the transportation aspect related to finance for local authorities.
Benefits

Benefits of Asset Finance for Local Authorities

Here are some of the ways local authorities can benefit from asset finance.

  • Cost-effectiveness: Asset finance can help local authorities access the latest equipment, technology, and facilities, without having to bear the high upfront cost of purchase. This enables them to preserve their cash reserves for other essential expenses.
  • Flexibility: Asset finance can be tailored to meet the specific needs and budgets of each local authority. This allows for a flexible approach to financing that can be adjusted as circumstances change over time.
  • Improved cash flow: By spreading the cost of acquiring assets over time, local authorities can improve their cash flow, as they will not have to bear a large upfront cost. This can also help reduce the impact of fluctuations in their budgets.
  • Up-to-date equipment and facilities: Asset finance enables local authorities to regularly upgrade their equipment and facilities.

What to do next...

How we can support your asset financing projects

We understand that financing your operation can be a challenging task, especially with limited budgets and tight timelines. That's why we're here to support you every step of the way.

Our team of finance experts has years over 25 years experience helping local authorities secure the funding they need to improve their facilities, upgrade their equipment, and implement new programs. We'll work closely with you to understand your specific financing requirements and provide you with a range of financing options tailored to your unique needs.

While many other finance brokers work on behalf of third party investors (trying to deploy a particular investor’s funds), we are completely independent, meaning you will benefit from impartial guidance and bespoke finance solutions.

Our network of lenders can offer you competitive rates, flexible terms, and fast approval times, so you can get the funding you need quickly and efficiently. Plus, we'll guide you through the entire financing process, ensuring that you understand the terms and conditions and providing you with the necessary information to make an informed decision.

With Bluestone as your finance partner, you can trust that we'll support you throughout the entire process, from application to approval and beyond.

Contact ustoday to learn more about how we can help you finance your projects.

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Finance For Local Authorities

Frequently Asked Questions

How do you determine if a local authority is eligibility for financing?

Eligibility will depend on several factors, including the creditworthiness of the local authority, its financial history, and its ability to generate revenue. Collateral or a personal guarantee may be requested as well.

BS.202311.01FAQ38

What types of asset financing options do you recommend for local authorities?

The types of asset financing options recommended for local authorities will depend on their specific needs and goals. Generally, equipment leasing and loans, financing, and real estate financing can be good options for local authorities.

BS.202311.01FAQ79

Our team are always here to help...

We know finance can be complex and often it's easier to talk things through. Drop us a message or give us a call 0330 135 8660 and we'll get back to you ASAP.

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