Abstract
This article reveals the role of leasing as a financial source for funding the active part of a company's capital, summarizing the significance of bank loans and leasing. Specific recommendations are provided for improving leasing sources of financing for the innovative activities of enterprises.This study investigates the role of leasing as a financial mechanism for supporting enterprises' fixed capital in Uzbekistan. It emphasizes the importance of leasing in addressing financial challenges faced by enterprises, particularly in the context of limited internal resources and the need for modernization. Despite being an underutilized source of funding, leasing enables enterprises to access advanced equipment and technologies without significant upfront investments, offering an alternative to traditional bank loans, which often prioritize working capital due to shorter turnover cycles and lower risks.The research identifies a significant knowledge gap in understanding the full potential of leasing as a financing tool for enterprises in transition economies. A qualitative methodology was employed, analyzing financial data, existing frameworks, and practical applications of leasing. The findings reveal that, while foreign investments play a substantial role in fixed capital financing, leasing remains an overlooked yet promising mechanism. Currently, enterprises rely heavily on external funds, with 75.6% of investments in fixed capital sourced from borrowed funds, highlighting the need for innovative financing options.The results demonstrate that leasing can bridge the gap between resource limitations and the need for modernization, enhancing enterprises' operational capacities and financial stability. The implications suggest that policymakers and financial institutions should promote leasing as a viable investment strategy to stimulate industrial growth and economic resilience. Further research is recommended to explore the integration of leasing into broader financial systems, focusing on regulatory support, risk management, and its impact on long-term economic development