Close Brothers Motor Finance CEO James Broadhead
Close Brothers Motor Finance CEO James Broadhead
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RECENT research has revealed that on top of delivering goods and services to our homes, light commercial vehicles – such as the best-selling Ford Transit van in the bigger picture – are also making a significant contribution to the UK economy.

According to the research with areas such as home deliveries last year, van business boosts the economy by  £120BN. This is an increase of 16 per cent from 2010 and drilling this research further also reveals that the Ford Transit we mentioned above will add almost £200,000 to the economy alone in its own lifetime!

Commenting on these figures James Broadhead, CEO of Close Brothers Motor Finance, said: “Although vans are a common sight on our roads, we can often overlook their important role within our wider economy.

“They are an integral part of the supply chain for almost every industry and service, and with the rapid growth of online shopping they are increasingly used to deliver a wide range of food and other products to our homes as well.

“However, while their use in transporting goods and services has been apparent for many years, it is this relatively recent growth in online retail that is most influential for the industry, as a strong correlation has been observed between online sales and sales of LCVs.

“We have experience in providing finance to every size and type of business, and whether their ambition is to invest in new vans, pick-up trucks or mini vans, we’re there to help put the most effective solution in place.”

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