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British Business Investments announces a £15m increase to facility with Liberty Leasing

Press release 24 September 2024

British Business Investments today announces a £15m uplift to its existing facility with Southampton-based specialist asset finance company Liberty Leasing. The transaction, which increases the £15m facility made to Liberty Leasing in 2021 to a total £30m, will improve access to finance for smaller businesses in the construction, engineering, transport, agriculture, and printing sectors. 

British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims to improve access to alternative finance for smaller businesses across the whole of the UK, while supporting the UK’s transition to a net zero economy. Since it was established in 2014, British Business Investments has committed more than £3.8 billion to providers of finance to UK smaller businesses. 

Liberty Leasing is an established alternative finance provider with an evidenced track record of lending to UK smaller businesses. In April, the company announced it would begin to operate under an Employee Ownership Trust (EOT), allowing Liberty staff to participate in and influence the company’s future direction, without having to directly own or buy shares. Sectors supported by the company are comprised of UK smaller businesses which operate within the £0.5m to £25m turnover space.

Adam Kelly, Managing Director at British Business Investments said: 

We are pleased to offer a facility increase of £15m to Liberty Leasing. Independent operators like Liberty Leasing help diversify the UK’s smaller business finance market and provide more choice for businesses. Our investment will help smaller businesses across the UK to get funding for assets they need to continue their growth.

Alan Cooper, Finance Director of Liberty Leasing, said: 

The £15m extension of the British Business Investments facility is an exciting opportunity for us to develop our existing customer base by providing much needed access to asset finance for UK smaller businesses. Demand from smaller businesses continues to grow and Liberty Leasing is proud to be a leader in supporting their financing needs.

Further Information

Notes to editors

About British Business Investments

British Business Investments Limited is a wholly owned commercial subsidiary of British Business Bank plc, the UK government’s economic development bank. British Business Investments aims to improve access to alternative finance for smaller businesses across the whole of the UK, while supporting the UK’s transition to a net zero economy and generating a return for the UK taxpayer. Find out more at bbinv.co.uk.

British Business Investments Limited is registered in England and Wales with company number 09091930, and registered office at Steel City House, West Street, Sheffield, S1 2GQ. British Business Bank plc is owned by HM Government and is registered in England and Wales with company number 08616013, and registered office at Steel City House, West Street, Sheffield, S1 2GQ.

British Business Bank plc and its subsidiary entities are not banking institutions and do not operate as such. They are not authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). A complete legal structure chart for the group can be found on the British Business Bank plc website.

The transaction described above does not constitute or imply any endorsement, warranty or recommendation by the UK government, British Business Bank plc or its subsidiaries or any other party in respect of Liberty Leasing or its products or services.

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