MAF joins forces to help companies with net zero targets…

MAF have teamed up with energy efficiency consultants to help businesses reach net zero targets. 

With the government’s target of the UK being net zero by 2050, businesses across the country are having to make changes now in order meet the deadline.

In a bid to help these businesses, MAF have partnered with JRP Solutions, a consultancy firm that specialises in helping businesses reduce energy consumption levels and costs by developing bespoke solutions.

The partnership will see MAF refer its customers to JRP, enabling them to perform numerous reviews, ranging from audits of current energy and environmental management systems (EnMS) to an analysis of current energy policies and the resources required to improve them.

Head of Agriculture & Renewables, Rachel Borlace, says: “We want to support our customers with their net zero journey, but we realise that this can be a complex subject.

“Having a partner who has credibility in working with various large clients across different industries, it will help us build a stronger relationship with them.

“We’ve already received some great feedback from our clients who can see the benefit of bring a business plan that considers net zero targets to life, and as some of our funding requires stage payments with a specific plan, JRP can act for a client by ensuring an installer of a renewable plan keeps to targets.”

To see if we can help with your net zero plans,, call 0115 958 6872 or fill in an enquiry form below.  

directors comment as MAF joins Begbies Traynor Group

Sue and Dave Chapman with Rick Traynor

We are delighted to announce that we have officially joined the Begbies Traynor Group. 

Speaking about the acquisition, MAF directors Dave and Sue Chapman, said:

“Today, we are delighted to announce that MAF Finance Group has joined the Begbies Traynor Group Plc.

Begbies Traynor are a leading business recovery, financial advisory and property services consultancy with 87 offices across the UK.

We will continue to trade under the MAF brand as a ringfenced broker and look after our growing client base, but with the all the benefits of being part of a wider group, bringing additional services to our clients and the added value of a national office network across the UK.

Since establishing the business in 2009, our objective has been to put our clients at the heart of everything we do, to add real value to support their growth aspirations and to deliver the very highest level of service.

Creating the right working environment was crucial to how we performed both individually and as a team. Integral to this was our talent development programme and a recognition and collaborative culture which has enabled our team to thrive and feel fulfilled.

We recognised that Begbies Traynor Group had the same approach and that there were a number of synergies between our respective businesses which would allow us to accelerate our own personal growth aspirations.

Many thanks to Austin Moore and Partners LLP who acted for MAF by providing specialist legal advice and handling this transaction so well, and to Botham Accounting who provided support to MAF on its financial accounting.

We would also like to thank all of our clients, funders and staff for their support on our journey so far and with a now, with a new national reach, we will be able to help even more clients across the UK access funding to achieve their goals.”

– Dave and Sue Chapman

To find out more about Begbies Traynor, click here

the 2021 budget summary

Houses of parliament

CBILS and Bounce Back Loan schemes are to be replaced and new Restart Grants are to be introduced, Rishi Sunak outlined in the Budget today.  

Speaking to the House of Commons, the Chancellor also listed a number of other changes and schemes that are set to be introduced as the UK looks towards its path out of the fight against Coronavirus.

Here’s a breakdown of what he said for businesses:

furlough scheme

The furlough scheme will be extended until the end of September. Employees will continue to receive 80% of their current salary for hours not worked. There will be no employer contributions beyond National Insurance and pensions required in May and June.

The government will introduce an employer contribution towards the cost of unworked hours, beginning with 10% in July.

self-employed incomes support scheme (SEISS)

A 4th grant covering February to April will be worth 80% of people’s average trading profits. The 5th and final grant from May will target support towards those most affected by the pandemic.

Those who became self-employed last year will also now be able to claim these grants.

recovery loan scheme

As the Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan scheme come to an end on March 31, they will be replaced by the Recovery Loan Scheme (RLS).

Under the scheme, businesses of any size can apply for loans from £25k up to £10m until the end of 2021.

The government will continue to provide an 80% guarantee for the loans.


Businesses that take on apprentices will now receive payments of £3,000 (up from £1,000) for all new hires of any age.

A new flexi-apprenticeship programme will allow people to work for a number of different employers in the same sector, with a focus on industries with flexible working patterns, such as the TV and film industry.

restart grants

New grants will be made available to businesses that are looking to re-open. Non essential retail businesses are set to open first and will receive grants of up to £6,000.

This will then be followed by hospitality and leisure businesses, including personal care and gyms, which will be eligible for grants of up to £18,000.

All English local authorities will also receive £425m of discretionary business grant funding.

business rates

The 100% business rates holiday introduced last year for eligible businesses in the retail, hospitality and leisure sectors will continue to run until the end of June 2021.

For the remaining nine months of this year, business rates bills will be cut by two thirds, up to a value of £2m per business.

A vast majority of businesses will also receive a 75% cut in their business rates bill next year.

VAT reduction

The reduced rate of 5% VAT for the hardest hit sectors will continue for another six months until 1st October.

From then, an interim rate of 12.5% will be introduced before returning to the normal rate of 20% in April next year.

corporation tax

In 2023, corporation tax, which is paid on company profits, for businesses that have profits of £250,000 or more will increase to 25%,

However, small businesses that have profits of less than £50,000 will instead pay a Small Profits Rate of 19%.

the 130% super deduction

For the next two years, when businesses invest in new equipment, they will be able to offset all of the cost against the tax, plus an additional 30%.

This will cut companies’ tax bills by 25p for every pound invested in new equipment, meaning taxable profits will reduce by 130% of the cost.

help to grow

The Help to Grow: Management scheme will see business schools across the UK offer MBA-style management training with 50 hours of tuition, mentoring and peer learning.

Businesses will have to pay £750 – 10% of the unit cost.

The Help to Grow: Digital scheme will help small businesses develop digital skills by giving them free advice and a 50% contribution towards the purchase of new productivity like enhancing software of up to £5,000 each.

culture recovery fund

An additional £300m will be made available for cultural organisations in England, including theatres, museums, heritage sites, festivals and music venues.

A total of £25m will also be pledged to funding grassroots football as part of the UK and Ireland’s 2030 World Cup bid.

If you need any further information or would like to speak to us regarding finance, email, call 0115 958 6872 or fill in an enquiry form below.  

we arrange finance for £3m of aluminium sheets…

Aluminium sheets

A business needed to finance aluminium sheets to go across fields for access.


A hire business contacted us as they required finance for aluminium sheets which were to be laid in fields to allow vehicles to drive over.

The customer was already dealing with a funder, but they had a limited appetite to fund such an asset as they were so specialist.

As a result, we secured the finance for the sheets on both an unsecured loan and hire purchase basis for up to £3m over three different funders, and this allowed the customer to draw down the funds in 2-3 larger transactions rather than consecutive small ones.

Once the sheets had been financed, the customer then returned to us with a property finance enquiry. 

To find out how we can help your business like we did here, email, call 0115 958 6872 or fill in an enquiry form below.  

we help a farming business expand into the glamping and wedding sector…

Tent with woods backdrop

A Nottinghamshire-based arable farming business came to us as they were looking to diversify.


Coming from a family of arable farmers, the longstanding business had already diversified into the property sector and were now looking
at becoming a glamping and wedding venue business.

However, because of the COVID pandemic, many funders were hesitant to lend to a business in the dormant wedding sector.

The business contacted us and we put the case forward to Folk2Folk
– one of our specialist funders 
–who were able to give the business the flexibility to get the project started with a phased approach to repayment.

We also worked with one of our preferred accountancy firms who provided a detailed forecast to demonstrate the different stages of the plan. 

Because of the pandemic, the long-term approach was the preferredoption for the investment.

The business can provide the glamping experience in asocially distanced setting and, when the time is right, have the venue ready
for weddings.

To find out how we can help your business like we did here, email, call 0115 958 6872 or fill in an enquiry form below.  

We arrange finance for a specialist aircraft camera…


An aviation company contacted us to secure funding for a £1.5m camera to mount to an aircraft.


The business had already approached a number of funders before contacting us to seek support but had little success because of the specialist nature of the equipment, and the fact that the supplier of the camera needed paying in US dollars.

As a result, we approached one of our specialist funders from our panel and secured credit approval from three different ones.

We’ve now financed four of the cameras (with the likelihood of adding more when they secure their next contract) and we’re also looking to fund their next aircraft.

If you have specialist equipment you want to purchase, find out how we can help your business like we did here by emailing, calling 0115 958 6872 or filling in an enquiry form below.  

We arrange finance for a new Land Rover Defender…

Land rover defender

A longstanding customer came to us enquiring about financing a new 2020 Defender X P400.


The XP400 is the newest version of Land Rover’s 4×4 that first made its appearance in 1983, and the exact model that the customer wanted was a top specification costing £80,000.

As the customer wanted to put down a low deposit of 5%, we offered rates significantly lower than the dealership were offering. 

With the Defender planned to be used across the business, including farming, construction and recreational shooting, they wanted to finance the vehicle in the business name over five years and defer the VAT for 3 months – meaning they didn’t have to pay the VAT upfront.

We handled all dealership processes in-house and with low admin fees involved, the customer was happy to receive the car in time for their business re-opening after the pandemic.

To find out how we can help your business like we did here, email, call 0115 958 6872 or fill in an enquiry form below.  

Nottinghamshire and Derbyshire manufacturing businesses to receive grants…

Manufacturing machines

Manufacturing businesses in certain areas of the East Midlands now have access to £500,000 of support to overcome current challenges.

Businesses will use MGP’s bespoke diagnostic tool, GROWTHMapper, to seek out points of improvement within their companies, before receiving grants that can support up to a third of the total cost of the project, up to £10,000.

The programme will help cover a range of business costs such as efficiencies, marketing, product development and management.

85 businesses are set to benefit from the scheme between now and June 2023 and approximately 111 jobs are to be created as a result.

The Manufacturing Growth Programme, which is funded by the European Regional Development Fund (ERDF) and delivered by Oxford Innovation Services, is open to all manufacturing SMEs in Derbyshire and Nottinghamshire that employ less than 250 people or have a turnover below £36m.

Martin Coats, Managing Director of the Manufacturing Growth Programme, said: “This is excellent news for SME manufacturers in Derbyshire and Nottinghamshire and comes at a time when they need access to industry specialists to overcome issues around Brexit and Covid-19.

“We have proven how successful this type of support, delivered by experts from the manufacturing sector, can be in Leicestershire, Lincolnshire and Northamptonshire. Across these three areas we have created nearly 700 new jobs and completed 805 improvement projects, helping many firms fulfil their potential.”

He continued: “Thanks to the backing of the D2N2 LEP, we can now give this targeted assistance to companies locally, making sure they are competitive in the sectors they have an undeniable edge in, including aerospace, automotive, food and drink, medical and rail.

“Each project is tailored to the individual company, so it has the biggest impact. Our Manufacturing Growth Managers are also very well connected and can link in management teams to other business support, funding or even supply chain opportunities.”

Frank Horsley, Head of Business & Innovation at D2N2 LEP, concluded: “We are delighted to support the extension of the highly successful programme into our region.

“Manufacturing remains the historic bedrock of the D2N2 economy. If we are to transform into a more competitive, but greener economy, our manufacturers will need support to embrace the challenges of industrial digitalisation and net zero so that, similar to the first industrial revolution, we can lead the world.

“We look forward to bringing our strategic influence and partnership network to bear to ensure our businesses have the opportunity to benefit from the excellent support MGP can deliver.”

If you are looking for finance for your business, need to unlock cash or are thinking about buying an electric vehicle, call us on 0115 958 6872, email or fill an enquiry form.

UK construction sales ‘not as bad as expected’ in 2020…

Access platform

UK sales in 2020 were ‘not as bad’ as construction equipment manufacturers and dealers feared, according to the latest Construction Equipment Association report.

Telehandler sales in the UK fell by 57.2% last year, and while plant sales also collapsed, the recovery surge in the latter part of 2020 meant that unit sales were down by 24.5% on 2019 – much less than was expected.

December 2020 unit sales were up on December 2019, with numbers being strong enough to put sales in Q4 1% above Q4 2019.

Because of the COVID-19 pandemic, the first half of the year saw the sector suffer a 38% decline in sales, putting the actual number of 24.5% into perspective, according to the report.

The most popular category was that of mini/midi excavators which was down just 5.5% year-on-year, again with Q4 sales being up on 2019.

MAF’s Director of Construction Asset Finance, Gary Burns, commented: “While the overall sales for 2020 have gone down, the latter part of the year certainly turned things around and is another positive signal that Construction in the UK is on its way back after the initial impact of the Pandemic.

“As one of the biggest employment sectors in the UK, this is a very encouraging sign and we have already seen this continue into January 2021.

“The Government’s CBILS scheme has undoubtedly been a factor, allowing companies to finance equipment in the knowledge that in lots of cases, the first year’s interest will be covered by the scheme.”

If your business needs help with a CBILS application, funding or the purchase of assets, we can help.

Call 0115 958 6872, email or fill in an enquiry form here.

Construction industry makes surprising recovery to pre-pandemic output levels…

Tracked Excavator

The construction industry has made a surprising recovery to output levels last seen before the COVID-19 pandemic, according to the latest studies.


Led by infrastructure, new work activity in November rose by 3.5%, meaning the sector saw a 1.9% rise in month-on-month work, taking construction above pre-pandemic levels of output.

All new work sectors returned to growth apart from public new housing and public other new work, which fell by 2.4% and 2.8% respectively.

The strongest side of construction in November was infrastructure, which saw 9.6% month-on-month growth, followed by industrial at 3.8% and commercial at 0.2%.

MAF’s Director of Construction Asset Finance, Gary Burns, added: “It’s great to see the construction sector bucking the trend with continuous growth over the last seven months.

“To be at output figures similar to those seen pre-pandemic shows how adaptable the construction industry is in the UK.

“It’s also good to see that this is across the whole sector, from infrastructure to commercial.

“The confidence in the sector has been backed up by the decision to allow the sector remain open in the current lockdown – helping thousands of workers to continue to support their families and local economy.