British Business Investments, a commercial subsidiary of British Business Bank, today announces a new Â£ 15million commitment to Liberty Leasing, which will increase access to finance for UK small businesses in the construction, construction, engineering, transport, agriculture and printing.
The pledge is a Â£ 15million global discount line of finance that will allow Liberty Leasing to support small businesses in need of vital financing for essential equipment as the UK economy recovers from the effects of the pandemic.
Liberty Leasing is a specialist asset finance company based in Southampton, which was founded in 2001.
British Business Investments aims to increase the supply and diversity of financing for small businesses across the UK, by increasing the lending capacity of a range of finance providers, including asset finance partners. Since its inception in 2014, British Business Investments has committed over Â£ 2.5 billion to UK small business finance providers.
Judith Hartley, CEO of British Business Investments, said: âThe aim of British Business Investments is to ensure that small businesses can access as diverse a range of financing options as possible, to help them grow and grow. to success. Supporting independent operators, such as Liberty Leasing, is helping to diversify the financial market and provide more choice for UK small businesses. We look forward to working with Liberty Leasing, to help UK small businesses get the financing they need. “
Allan Clegg, Managing Director of Liberty Leasing, said: âThe installation of British Business Investments is an exciting development for Liberty as we seek to support UK SMEs in their plans for recovery and growth after the pandemic. It will provide us with the additional capital necessary to deploy additional levels of asset finance in the UK SME market, thereby supporting the growth of the UK economy. “