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The Financial Conduct Authority (FCA) has published the results of the final phase of the Financial Resilience Survey. This survey began in light of the Covid-19 pandemic and has continued through several crises, providing valuable insight about the financial resilience of thousands of firms that it regulates.

The Financial Conduct Authority (FCA) is asking a number of firms to complete a Financial Resilience Survey (formerly the Covid-19 Impact Survey) to help it understand how the current financial climate is impacting FCA solo-regulated firms.

The long-running vehicle supply challenges that have been suffocating the fleet sector are beginning to subside, according to new data from the BVRLA’s half-year Industry Outlook Survey. Unfortunately, the respite this provides is being compromised by a lack of parts and increasing SMR (service maintenance and repair) costs and delays.

Members may be interested in the government’s ‘Help to Grow: Management Course’, which allows delegates to develop a tailored business growth plan and access leadership and management training.

David Smith, Economics Editor at The Sunday Times and columnist at The Times, has been confirmed as the keynote speaker for the BVRLA’s Industry Outlook Conference in early December.

The association’s latest Business Impact Survey shows that economic and ongoing supply issues are creating a very challenging environment.

The Recovery Loan Scheme, which originally launched in April 2021 to help businesses recovering from the pandemic, has been extended to 2024.

Vehicle supply remains a major barrier to BVRLA members when looking to meet the needs of their customers, as outlined in the association’s latest Business Impact Survey.

Following the challenges of the pandemic, firms are now seeing rising energy costs, rising inflation and wages – alongside labour and supply shortages. 

The BVRLA leasing fleet grew 5.1% in 2021 to pass pre-pandemic levels as vans continue to drive the recovery of the sector. The association’s latest Leasing Outlook Report, citing data to Q4 2021, also shows more positive signs as the growth of the car fleet accelerates.

The BVRLA has responded to the latest vehicle registration data from the SMMT, urging manufacturers to reconsider how they prioritise different channels.

As another year full of ups and downs ends, BVRLA chief executive Gerry Keaney looks at some of the key barriers the association has overcome, while also looking ahead to the challenges to be faced by the industry in 2022.