Simply Asset Finance reaches £150m lending milestone in Scotland

Core Insights - Simply Asset Finance has successfully delivered £150 million in funding to SMEs in Scotland since its establishment in 2022, supporting over 900 businesses across various sectors [1][5] - The company aims to double its lending volumes in Scotland to £300 million within the next two years, highlighting the importance of the Scottish market for its growth strategy [5] Funding and Market Activity - In 2024, origination volumes in Scotland reached £27 million, financing 529 assets for more than 230 customers, driven by public investments in infrastructure [2] - The increased demand for flexible finance among SMEs is attributed to significant infrastructure projects such as the A9 dualling and power grid upgrades [2] Notable Transactions - Simply Asset Finance facilitated a management buyout of AB2000, a plant hire specialist, enabling its return to Scottish ownership through a deal that included asset refinance and asset-based lending [3] Company Growth and Strategy - The company has expanded its team to ten members and relocated to a new office in Glasgow's financial district, aiming to enhance its presence in Scotland's business community [4] - The new office location is intended to provide local expertise and support the company's growth objectives in the region [4]