How to finance your office projects
Helpful tips & information for financing your new workplace remodel
Whether you’re thinking of moving premises...
Remodelling an existing workspace or opening up another site in the near future, managing the budget for such a project can sometimes be quite a challenge.
However, it needn’t be as troublesome as you might think.
Asset Finance options such as hire purchase and lease purchase have become fairly commonplace for items like company cars, and IT equipment, but many organisations are now seeing the benefit of using asset finance to fund their office refurbishment project. For example, there can often be significant benefit by using finance options instead of everyday cashflow when funding an office project and you can still take advantage of any tax allowances on offer.
Asset finance also allows you to match costs to be more in-line with your return on your investment. Unlike capital where all costs are paid upfront, if you’re able to spread the cost of an office refit over a set period of time, it might give you the chance to really consider what you’d really like to achieve long-term rather than making short-term decisions based on cost alone.
What can be financed?
There isn’t a definitive list of assets that either can or cannot be financed as part of a fitout project, and some funding models deliver different tax opportunities when it comes to specific purchases, so finance is often tailored to suit. However, a list of items that may be financed include:
- Interior fitout costs
- Office Furniture
- Carpet tiles and flooring
- Delivery and installation costs
- Catering and refrigeration equipment
What happens now?
We design and create some of the very best workspaces in the UK, and we love the work we do. However, we’re not finance specialists (and neither do we want to be) so it won’t surprise you that we work with a team of independent finance experts and brokers who have many years of experience providing tailored finance solutions that enable UK businesses to invest in their growth. They take a consultative approach, taking the time to understand your business requirements so they can find the best solution for you, both in the short and long term.
You might like to know…
We don’t receive any payment whatsoever in the form of either a commission, or by way of an introduction or referral fee. In fact, we don’t get involved with any of your finances at all – That’s’ all strictly confidential and any finance agreement is between you and the asset finance company.
If you’d like to know more about how we can help with your office project, or you’d like to speak to one of our team, please call on 01302 830 330 – We’d love to hear from you.
