The specialist asset finance provider has revealed that new lending on construction assets rose by 152% in the same period.
It also recorded a 115% growth in finance secured against transport and logistics assets.
Daniel Bailey, managing director at Arkle Finance (pictured above), said: “It’s reassuring to see how many of Britain’s SMEs continue to invest in their future by seeking finance to help them grow.
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“Construction and haulage are both sectors being buffeted by Brexit uncertainty, yet our data shows that many firms in these industries are investing in new assets to keep their competitive edge.
“2018’s strong sales figures aren’t just a source of pride for Arkle’s team; they’re a statement of intent.
“We’re determined to play our part in helping Britain’s SMEs to grow, and to broaden our asset mix.”
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