Leasing: A Better Way to Finance your Office Fit Out Project
An office fit out is an exciting process for any company. It's an opportunity to create a bespoke and productive work environment for you and your team to thrive in, and one that will help take your business from strength to strength!
But to develop your office space to its full potential, the last thing you want is for cost to get in the way, right?
Keep reading for our tips on financing your office fit out…
Taking the stress away
Budget is naturally an important factor when it comes to investing in your business. An office design and build project is a big investment after all, but limitations to budget can result in projects being delayed or scaled back. Some businesses don't even approach the subject with the assumption that it won't work for their company's finances!
However, we've developed a strong relationship with Bluestone Leasing to help you make a worthy investment in your business's workspace. Bluestone are able to provide you with a sensible office fit out leasing option designed to benefit organisations just like yours, and it's an approach that is able to open doors for many companies.
An opportunity to invest more in your business
Financing your fit out can give your business the opportunity to improve and invest in your office space without having to pay the full cost upfront. The benefits of leasing an office project are so great that it’s often also the preferred option for companies who do have the means to pay for their project in full.
How can finance benefit your office fit out project?
1. Tax benefits
Leasing your office fit out means that all the costs included in the project are 100% tax deductible. As a result of this, you might actually save your business money by opting to pay for your fit out monthly instead of all at once.
2. Increased budget
Rather than missing out on beneficial workplace features, take some pressure away from your budget by leasing the cost of the fit out. With tax savings and the ability to spread the cost over time, businesses are often able to get more out of their project instead of having to compromise too much – if at all!
3. Releasing capital
Instead of putting all of your resources into your new office interior, you can release capital to be spent on other aspects of your business. This lets you invest in more than just one area of your company.
4. Spread VAT costs
Paying for a project in full means that VAT payments need to be paid in full too. In contrast to this, financing your office fit out project allows you to spread the cost of VAT on a monthly basis too.
5. Lease the full project
You might be surprised to learn of the different elements that can be leased for your project. From the furniture you choose and the paint on the walls to the new security system you might install – all can be financed to make life as easy and simple as possible for your business!
Many companies are steering away from traditional payment methods that put a strain on finances and instead moving to ways that help their money go further. Why pay a large upfront cost for a depreciating asset, when you can pay a monthly fee that works for you and your business? Attitudes towards financing are changing, and with good reason.
Our specialist partner, Bluestone Leasing, is the largest, independent provider of finance for fit out projects in the UK. With over 20 years of experience, access to a huge funding panel, and multi-award-winning services and support, they secure funding for over 92% of the projects they work on.
Could this financing option help you to invest in your workspace? Chat to us to find out how we can turn your office into a high-performing and productive environment!
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