British Business Investments has announced a £15 million increase to its existing facility with Liberty Leasing, bringing the total commitment to £30 million. This strategic move aims to enhance access to finance for smaller businesses across various sectors, including construction, engineering, transport, agriculture, and printing. The additional funding will support Liberty Leasing’s efforts to provide much-needed asset finance to UK smaller businesses, fostering growth and innovation in these critical industries.
The increased facility from British Business Investments is a significant boost for Liberty Leasing, a specialist asset finance provider. This additional £15 million will enable Liberty Leasing to expand its lending capabilities, offering more comprehensive financial solutions to small businesses. The funding is particularly timely, as many small businesses continue to face challenges in securing the necessary capital to invest in growth and development.
Liberty Leasing has a proven track record of supporting small businesses, and this increased facility will allow them to extend their reach even further. The company focuses on businesses with turnovers between £0.5 million and £25 million, providing tailored financial solutions that meet the unique needs of these enterprises. By improving access to finance, Liberty Leasing helps small businesses invest in new equipment, expand their operations, and drive innovation.
The partnership between British Business Investments and Liberty Leasing underscores the importance of alternative finance providers in the UK’s financial ecosystem. These providers play a crucial role in diversifying the finance market and offering more choices to small businesses, which are often underserved by traditional banks.
Commitment to Sustainable Growth
British Business Investments’ decision to increase its facility with Liberty Leasing aligns with its broader mission to support sustainable economic growth. The organization, a wholly-owned commercial subsidiary of the British Business Bank, aims to improve access to alternative finance for smaller businesses across the UK. Since its establishment in 2014, British Business Investments has committed over £3.8 billion to finance providers, helping to drive growth and innovation in the small business sector.
The additional funding for Liberty Leasing is part of a strategic effort to support the UK’s transition to a net-zero economy. By providing finance to small businesses in sectors such as construction and agriculture, British Business Investments is helping to promote sustainable practices and reduce environmental impact. This commitment to sustainability is a key component of the organization’s long-term strategy and reflects the growing importance of environmental considerations in business finance.
Liberty Leasing’s recent transition to an Employee Ownership Trust (EOT) further enhances its commitment to sustainable growth. This structure allows employees to participate in and influence the company’s future direction, fostering a culture of innovation and collaboration. The EOT model aligns with British Business Investments’ values and supports the development of a resilient and forward-thinking business.
Future Prospects and Strategic Vision
The increased facility from British Business Investments positions Liberty Leasing for continued growth and success. The additional funding will enable the company to meet the growing demand for asset finance from small businesses, supporting their efforts to innovate and expand. As the UK economy continues to recover and evolve, access to flexible and tailored financial solutions will be critical for small businesses looking to thrive in a competitive market.
Liberty Leasing’s strategic vision includes expanding its customer base and enhancing its product offerings to meet the diverse needs of small businesses. The company plans to leverage the additional funding to develop new financial products and services, providing even greater value to its customers. By staying attuned to the evolving needs of small businesses, Liberty Leasing aims to remain a leader in the alternative finance market.
The partnership between British Business Investments and Liberty Leasing is a testament to the power of collaboration in driving economic growth. By working together, these organizations are helping to create a more inclusive and dynamic financial ecosystem that supports the success of small businesses across the UK. The increased facility is a significant milestone in this ongoing partnership and sets the stage for continued innovation and growth.
