Welfare unit finance covers two main categories of site welfare provision: towed welfare trailers (standalone units delivered to construction sites) and welfare vans (converted panel vans providing self-contained facilities for smaller sites and mobile operations). Both are financeable assets with growing demand driven by health and safety legislation in the construction sector.
Towed Welfare Unit vs Welfare Van
A towed welfare unit is a trailer-mounted module, typically 20-40ft, placed semi-permanently on a construction site. It has no engine and is assessed as plant or equipment rather than a commercial vehicle, sometimes allowing access to different finance products.
A welfare van is a converted panel van - most commonly a Ford Transit or Mercedes Sprinter - fitted with canteen facilities, toilet, washbasin and drying space. It is treated as a light commercial vehicle for finance purposes.
Rate Guide - October 2026
| Asset Type | Rate Range (APR) | Term | LTV |
|---|---|---|---|
| New towed welfare unit (trailer) | 6-9% | 3-5 years | 85% |
| Used welfare trailer | 8-13% | 2-4 years | 75% |
| New welfare van conversion | 5.5-8% | 3-5 years | 85% |
| Used welfare van (under 4yr) | 7-11% | 2-4 years | 80% |
| Adverse credit / start-up | 11-15% | 2-3 years | 65% |
Worked Example - New Towed Welfare Unit
| Detail | Figure |
|---|---|
| Asset | 2024 Boss Cabins 12-person welfare trailer, fully equipped |
| Purchase price | £28,000 |
| Deposit (10%) | £2,800 |
| Amount financed | £25,200 |
| Term | 48 months |
| Rate | 8% APR |
| Monthly payment | approx. £615 |