HSBC finance offers Cesar registration

Construction businesses funding plant equipment worth more than £50,000 through HSBC Equipment Finance will now qualify for two free Cesar registrations under a new scheme being promoted by the bank.

HSBC has decided to back the Cesar scheme because it recognises its multi-faceted approach to securing plant and equipment, and says it is keen to protect its customers' assets.

Matthew McNamara, head of sales at HSBC Equipment Finance, said: "Plant theft is estimated to cost the UK construction industry about £1m each week. As an asset finance provider we have a unique opportunity to influence the take-up of a system that secures plant and equipment from theft."