Since it was set up in 1970, JCB Finance has facilitated the purchase of more than 25,000 JCB machines, providing more than £13bn to UK businesses.

“We are here to help JCB customers buy their equipment and this milestone is a measure of the hard work put in by everyone involved,” said Paul Jennings, managing director at JCB.

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“It’s also a very good indicator that confidence levels in our sector remain resilient and, as a measure of our success, it puts JCB Finance among the elite in our industry.”

Lord Bamford, chairman at JCB, added: “When JCB Finance was founded in 1970, JCB manufactured just over 4,000 machines and, even then, there was a very real need from our customers for help with finance.

“The growth of JCB Finance has mirrored the growth of JCB and our success is very much intertwined; JCB’s development and market leadership in the UK over many decades simply would not have been possible without JCB Finance.”