Optimism for growth high among large businesses despite ongoing challenges, new research shows

According to new research by vehicle leasing experts LeasePlan UK, the main challenges senior bosses at large companies face in the next few years revolve around change – specifically the ability to keep up with regulatory changes (38%) and the pace of change in the world of ecommerce (32%).

Despite this, two thirds (65%) of bosses were optimistic for business growth this year, with a third (37%) stating that growth was their main business objective, according to the survey of 251 C-suite executives and senior decision makers at large corporations in the UK.

One key solution for businesses navigating growth opportunities through the current situation and constant change is to be as flexible as possible (69%). The type of flexibility varies, from increased flexibility for staff due to COVID 19 (86%) to flexible fleet/vehicle leasing options to help their company to handle dynamic and unpredictable changes (61%).

The move to electric remains key, with over half of employees (57%) showing an increased interest in their organisation’s environmental impact. In fact, 73% of business leaders would be interested in having an electric fleet when vehicle contracts come up for renewal.

Chris Black, Commercial Director at LeasePlan UK, said:

“In a time of great economic uncertainty, many large companies are having to adapt their business models to survive. At the same time, businesses are having to make bold decisions based around their future sustainability, as the pressure to adopt more environmentally friendly practices mounts All this is generating huge demand for a new range of sustainable and flexible solutions in a variety of industries, including in fleet management.”

To enable increased flexibility and give large businesses greater confidence and assurance in their decision making, LeasePlan UK is offering support through its existing LeasePlan Flexible product.

LeasePlan Flexible offers customers the opportunity to hire vehicles for an indefinite period (between 3 months and 2 years) to allow for temporary management of fluctuations in fleet size without long-term commitments.

Black continues: “We know that the pandemic has put an unprecedented strain on businesses and fleets of all sizes, and we believe that this flexible solution, alongside our industry leading EV expertise, will provide a safety net for our customers, to protect them from unexpected events while giving them the confidence they need to make bolder decisions for the future.”

For more information on how LeasePlan can help improve your fleet’s flexibility, check out LeasePlan Flexible