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SME businesses have named new vehicles among the key investments they plan to make in 2015.
That's according to research from leasing giant Lex Autolease's bi-annual Business in Britain survey of 1500 companies.
Almost half of those questioned (48%) said they plan to raise money to invest in their business in the first six months of the year, with new vehicles being named as a key area of spend for 8%.
Company vehicles are a priority for small firms in the construction and transport areas, with 28% and 20% respectively planning to either buy or lease a company vehicle this year.
Lex said the BiB report recorded a more cautious outlook from SMEs compared to the last survey, as the report's key confidence index decreased by 10 points to 43%.
"It's significant that company cars and commercial vehicles remain on SME's shopping lists, despite a reduction in business confidence. This signals a growing appreciation of the wider benefits of investing in vehicles, such as maintaining a professional image, reducing carbon emissions by operating a more fuel efficient vehicle as well the many other efficiency benefits of running newer vehicles," said Andrew Hogsden, senior manager, strategic fleet consultancy, Lex Autolease.
Meanwhile, Lex recently announced it has signed an agreement with leading fuelcard supplier Allstar to expand the services offered to the leasing giant's customers.
The companies have previously worked together with Allstar supplying its fuelcards to Lex's customers.
Under the new agreement, Lex's clients will be able to access Allstar's services including the Premier Programme and Supermarket Card. The supply of fuel transactional data will be monitored via the leasing giant's interactive system, known as LAi.
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