“In an industry where investment in capital equipment is fundamental to success and to secure the future growth of the company, finance and access to finance becomes even more important,” said a company spokesperson.

Some Homag customers have already benefited from the initiative. One ordered a CNC stationary processor and opted for the three months deferred payment scheme, while another installed a state-of-the-art CNC machining centre and took up the Homag Finance offer of three years’ interest-free credit.

The finance package includes hire purchase finance, lease and contract hire products, low or no deposit schemes, damage and breakdown insurance and interest-free credit on a wide range of machines.