Ian Isaac, Managing Director (Interim) at Lombard, has joined the Leasing Foundation as its latest Governor. Ian was recently quoted widely in the UK financial press when he said:
“One in three UK businesses is in survival mode – turning down new orders due to lack of investment in capital equipment that would enable them to meet those orders, and we think that's costing the UK economy around £5.4bn per annum in lost orders. Our international competitors are ahead of the curve in both their investment in manufacturing plant and machinery as well as their greater use of asset finance.”
Tarun Mistry, one of the Foundation's Directors, notes:
“We're delighted that Ian has agreed to join us and that he will support us as we undertake our detailed research into how the complex decisions around financing are taken by small- and medium-sized businesses. As Lombard's own research reveals, there is a low level of awareness of asset finance by UK businesses, and we look forward to working with the industry to develop strategies to increase that awareness. Ian will be a huge asset to the Foundation, bringing his deep experience, understanding and passion for the SME sector to the discussion of how the industry moves forward”.