Independent fleet management and leasing
company Zenith Provecta has agreed a £15 million funding package
with Royal Bank of Scotland (RBS).

The lessor, which has a fleet size of 19,500
vehicles, said that the liquidity injection will be used to support
its long-term growth plans.

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Zenith’s chief financial officer Mark Phillips
said: “The company’s performance remains very strong despite the
wider economic difficulties currently being experienced.

“We are delighted that RBS has shown its full
support to us by backing our plans for significant increased demand
over the coming months.”

Andy Killingback, director of business
development at RBS in Leeds, said: “Zenith continues to outperform
the market which is a great achievement in a challenging
environment.

“The new financial package means that it can
implement its plans from a sound and secure platform.”

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