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A VIEW FROM ON HIGH Spring 2023 03 PAUL GAZE, CEO, UPDATES ON THE LATEST AT HAE EHA Paul Gaze CEO REALITY NEEDED WHEN MAJOR DECISIONS ON CAPITAL ALLOWANCES ARE MADE T he 2023 Budget provides an opportunity for HAE EHA to point out the disparity in how capital allowances work. Most hire businesses are excluded from incentives to purchase greener equipment. Given the undeniable price differential between conventional and green inventory, this is a barrier to many companies and will impact on the net zero milestone in 2030. The equipment being bought this year and next will probably be in operational use in 2030 and beyond. Whether the Chancellor listens to our case at this time (and it is also being supported by several other organisations) or not, we will continue to campaign for modernising the capital allowances system. Larger companies have various responsibilities for reporting on carbon impact and so being able to invest in newer, more efficient equipment will make a difference. We are very pleased to launch three new products for members in response to requests and at a time when controlling business costs is at the centre of all we do. Firstly, through HAE EHA Insurance Services, our partner has launched a new Credit Insurance Service to offer financial protection in the event of a customer becoming insolvent or failing to pay its trade credit debts. Secondly, our Business Sales Advisory service can assist members seeking to buy or sell a hire business, in partnership with The Hire Exchange Ltd. Lastly, the new commercial finance service, partnering with ECS Group, offers to help members find cash flow solutions using a new portal on the HAE EHA website. I very much look forward to welcoming members to the next Hire Awards of Excellence at the Grosvenor House in London on Saturday 22nd April 2023. This will be a fantastic showcase for our industry and with every opportunity to share what is best about our people, products and services. More details can be found at: https://awards.hae.org.uk/ <<