Learn more about project leasing from Source One Consulting and the several advantages it can offer your business.
Many businesses, organisations, and other establishments like educational and health facilities, will undeniably have a pretty good idea of how they want to improve their workspaces. However, they might find they don’t have the capital to fund such improvements or beware of tax incentives to do so.
The good news is that project leasing can cover the costs of all refurbishments or complete office refits. It’s a practical way to get any project moving without affecting cash flow and it can also be tax deductible.
What is Project Leasing?
In a nutshell, project leasing is a type of financing that enables firms and organisations of all sizes to have their office refurbishment or fit-out projects funded. In return, they agree to pay fixed instalments until the lease gets paid in full.
6 benefits of Project Leasing
If you’re new to project leasing, you might be wondering whether it’s suitable for your needs. The following benefits illustrate why project leasing could be a good idea for your business or organisation if you’re planning to upgrade the look and styling of your office space:
1. You Can Fund Part or All of Your Project
One of the best advantages of project leasing is that you decide whether to fund part of all of your project. For example, you might feel that you can put some capital towards your project costs and finance the rest. Or, you may find it more beneficially to finance everything.
2. Project Leasing Is Flexible
Another benefit of project leasing is that it’s a flexible way to cover the costs of your office refurbishment. Unlike a traditional bank loan, project leasing is flexible because you can design a finance package that works for you instead of what is most beneficial to the lender.
3. Your Project Costs Are Tax-Deductible
You might be financing the costs of your office refurbishment or other related work. However, what you might not know is that your project costs are still tax-deductible if you partly or wholly finance them.
4. You Can Divert Your Capital to Other Projects
Growing a business can be challenging if you have limited capital at your disposal. For example, when considering an office refurbishment or fit-out, it can often make sense to keep your capital for other projects and ensure your cash flow doesn’t get affected.
5. Your Expansion Plans Will Stay on Track
If an office refurbishment or fit-out is part of your business expansion plans, project leasing can ensure those plans stay on track.
6. There’s No Waiting Around or Delays
Last but not least, when you use project leasing to fund all or part of your office refurbishment or fit-out, you don’t have to wait around. You can get your project underway immediately and reap the benefits sooner rather than later.
Which projects can get funded?
The above advantages are some of the top ones you can enjoy with project leasing. But, you’re not quite sure what the financing can pay for? Project leasing can cover the costs of most services we offer at Source One Consulting:
Office Refurbishment
If you’re happy with the layout of your workspaces, but you’re not so satisfied with the way they look, an office refurbishment can revamp their look and feel. What’s more, an office refurbishment can also take into account your future expansion plans.
Office Fit-Outs
Sometimes, an office refurbishment isn’t enough. For example, you might be planning to move to large offices, but the layout doesn’t work for you, nor does the interior design and the facilities. In such cases, office fit-outs can provide the ultimate office makeover solutions.
Office Partitioning
The beauty about the services we offer at Source One Consulting is how they can get tailored to your unique requirements. For instance, if you wish to create separate offices or meeting rooms, our office partitioning solutions could be just what you need.
Office Furniture
Another service we offer is office furniture procurement. If you’re otherwise happy with the layout and styling of your workspaces, we can replace your tired office chairs, desks, and other furniture with new ones that meet your needs and budget requirements.
Want to know more?
If you would like to know more about project leasing and the potential benefits to your business, download our free guide.
How to get started
Contact us to discuss your office project needs. Our friendly team of experts will work with you to find the best solution for your requirements and one that you’re 100% happy to have.
We can then put you in touch with our project leasing partners to arrange your financing.
Helping you create inspiring office design
Great office design is what we do… taking a lot of ideas, adding a dash of creativity, and bringing it all together in one plan to meet your needs.
We work with businesses across the UK on office design, space planning, interior fit outs and refurbishments. If you are considering a new office design, talking to an expert team like Source One Consulting is the best place to start.
Get in touch now for a free, no obligation chat.
Great office design is what we do… taking a lot of ideas, adding a dash of creativity, and bringing it all together in one plan to meet your needs.
