British Enterprise Investments, a industrial subsidiary of the British Enterprise Financial institution, at the moment publicizes a brand new £15m dedication to Liberty Leasing, which is able to enhance entry to finance for UK smaller companies within the building, engineering, transport, agriculture, and printing sectors.
The dedication is a £15m block discounting funding line which is able to allow Liberty Leasing to assist smaller companies requiring important funding for important gear because the UK economic system recovers from the results of the pandemic.
Liberty Leasing is a Southampton-based specialist asset finance firm, which was based in 2001.
British Enterprise Investments goals to extend the availability and variety of finance for smaller companies throughout the UK, by boosting the lending capability of a variety of finance suppliers, together with asset finance companions. Because it was established in 2014, British Enterprise Investments has dedicated over £2.5bn to suppliers of finance to UK smaller companies.
Judith Hartley, CEO of British Enterprise Investments, stated: “British Enterprise Investments’ goal is to make sure smaller companies can entry as numerous a variety of finance choices as doable, to assist them develop and succeed. Supporting unbiased operators, corresponding to Liberty Leasing, helps to diversify the finance market and supply extra selection for UK smaller companies. We look ahead to working with Liberty Leasing, to assist smaller companies throughout the UK get the finance they want.”
Allan Clegg, Managing Director of Liberty Leasing, stated: “The British Enterprise Investments facility is an thrilling improvement for Liberty as we glance to assist SMEs throughout the UK with their submit pandemic restoration and development plans. It should present us with the incremental capital wanted to deploy additional ranges of asset finance into the UK SME market, supporting the expansion of the UK economic system.”