In March 1996, Ashcroft was loaned out to Notts County, playing six games for the club. Colin Murphy's team went on to reach the Second Division play-off final in 1995–96, losing out 2–0 to Bradford City. Still out of the first team picture at West Brom in 1996–97, he was loaned out to former club Preston North End in September 1996, before Gary Peters made the deal permanent two months later for £150,000. He finished the campaign with eight Second Division goals for Preston, also scoring three goals in cup competitions. He finished as the club's top scorer with 16 goals in 46 games in 1997–98, bagging a hat-trick against Fulham at Deepdale on 29 November.