7. Finance income and costs

Finance income

2025
£’000

2024
£’000

Interest income

350

274

Finance costs

2025
£’000

2024
£’000

Interest on borrowings

1,860

2,738

Interest on lease liabilities

518

411

Interest capitalised

(382)

(105)

Finance costs expensed

1,996

3,044

Interest on defined benefit pension obligation (note 24)

62

103

2,058

3,147