Search News

Results: 1-10 of 1048


Start again

22 Mar 2024

Rob Brown, co-director of Dalby Forest Cycle Hub, a not-for-profit hire scheme has been nominated for the Tourism Superstar 2024 award, run by VisitEngland.

21 Mar 2024

ACS (The Association of Convenience Stores) and the Federation of Independent Retailers (The Fed) have both welcomed a new report published by the Association of Police and Crime...

21 Mar 2024

As reported by Healthstores UK, new data contained in the 2024 Soil Association Organic Market report shows that independent retailers delivered an impressive 10% growth in 2023, with...

21 Mar 2024

An independent bottle shop and bar in Cheltenham has been named as the UK's Independent Beer and Wine Retailer of the Year 2024 at the Drinks Retailing Awards. 

21 Mar 2024

A number of organisations, including Bira (the British Independent Retailers’ Association), other trade associations, BIDs and unions have met with officials from the Welsh Government to...

21 Mar 2024

The British Independent Retailers’ Association (Bira) has reacted to data released by PwC and the Local Data Company exploring the state of the UK retail landscape.

8 Mar 2024

Daniel Blackham, editor of industry magazine BikeBiz, has been writing about his experience of completing the Cytech technical one qualification at training provider Spokes People in Milton...

6 Mar 2024

Cytech partner Activate Cycle Academy, the largest and most recognised training provider of bike maintenance and technical training courses to the UK’s cycle industry, recently welcomed a...

6 Mar 2024

The Greeting Card Association has reacted to a BBC Panorama programme lifting the lid on Royal Mail management prioritising parcel delivery over letters, which it says are in contradiction of...

4 Mar 2024

Pop star Kate Bush has been announced as an ambassador for this year's Record Store Day, on 20 April.

Back to news menu

Low APRs driving more Brits to spread the cost

Posted on in Outdoor News

Consumer credit is rising at an annual rate of 9.3% - the fastest since before the financial crisis. It's credit cards, retail finance schemes and personal loans where the most action is taking place.

The figures come from the latest Bank of England Credit Conditions Survey.

According to the research, new car loans are a big factor. The Bank draws attention to data from the Finance & Leasing Association showing that the value of car finance in 2015 was £28bn - double that of 2011.

According to the Bank, the main reason for this consumer credit growth is the low interest rates, suggesting low APR or interest free finance offers could be the key to boosting customer spend.

And it looks like the trend for credit is set to continue rising. The Treasury's watchdog expects household borrowing to rise to £672bn by 2021, up from £440bn today.

Start offering finance now in time for summer!

With demand rising, now is the time to join the growing Take it outdoors retail finance network, giving your customers the opportunity to purchase the products and accessories of their dreams by spreading the cost with as little as 0% finance.

Since regulations changed in March 2015 - meaning retailers can start offering 0% finance up to 12 months without the need for a licence and at NO cost - the scheme has grown and is now offered by over 900 retailers, accounting for sales of £70m of new sales last year alone.

Take it outdoors is available to any outdoor business* who will benefit from:

  • Free V12 set-up worth £495
  • Personal support throughout the application and FCA authorisation process
  • No minimum finance turnover requirement
  • Payment issued by V12 same day and in your bank within 4 days
  • National promotion on the Take it outdoors website
  • Access to FCA compliant POS material
  • Access to web banners for use on your own website

Click here for more information about the Take it outdoors scheme

If you aren't yet offering finance, contact us to see why Take it outdoors is the right solution for you.

Already offering finance? Don't forget to order in-store POS and download free web banners to show your customers finance is available!

*Take it outdoors is exclusively available to retailers upon joining the Take it outdoors scheme. Subject to terms and conditions, including but not limited to, a minimum 12 month trading history, the business declaring a positive net worth and the search results of credit reference agencies

Back to news menu

Useful links

If you have any other queries please contact us.