Bespoke finance company reports ‘most successful year’ and looks ahead to 2024

SAF Solutions (SAF), one of the UK’s leading providers of bespoke finance and commercial solutions has reported a record year, totalling £75m in completed transactions.

SAF has been providing alternative procurement routes for UK businesses, through bespoke financial solutions since 2007. SAF works with suppliers across the Healthcare, Research & Innovation, Green Technology, and Modular building sectors, and has closed the year with a 12 per cent increase on last year’s completed transactions.

During the past 12 months the healthcare and modular building sectors witnessed significant increase in demand for support in procurement, with SAF experiencing a 10 per cent increase in suppliers utilising their bespoke finance agreements.

Jane Tabiner, Managing Director of SAF, commented: “It’s no surprise that we’ve seen an increase in the utilisation of alternative funding methods in 2023, it’s been a challenging year for budgets, and ensuring capital funds have been utilised effectively has been top of the agenda.

“Being able to secure funding allows us to support and advise our partners on how to make their budgets go further without utilising capital funds.”

SAF successfully secured funding for 350 pieces of new healthcare equipment, totalling over £1m in 2023.

One of the most significant areas of growth that SAF has experienced in the last 12 months, has come from the modular facility sector, where it has supported suppliers across seven large modular facility projects for NHS trusts, totalling £73m.

Heading into 2024, SAF predicts further growth in bespoke finance agreements, with inflation due to fall and interest rates beginning to level off, the UK is on track to see growth in public and private sector spending, especially in sectors such as Modular, Green Technologies, Life Sciences and Research & Innovation.

Jane continued: “With a steadying interest rate and funding initiatives set out in the Autumn budget, 2024 is going to be an interesting year for bespoke and commercial finance.

“We expect to see a renewed growth in green technologies being implemented in the private sector to support net zero goals, as well as more UK Research & Innovation projects receiving the green light. It will be an exciting year of growth after the past twelve months of caution across all sectors.”

By Matthew Neville – Senior Correspondent, Bdaily

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