The UK’s biggest fleet provider expects to
increase funding to SMEs by 20% over the next three years.
Lex Autolease anticipates its overall funding
to the small and medium business for company vehicles will increase
from £750m to £900m by 2014/15.
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SME customers currently make up more than a
quarter of the Lloyds Bank-owned lessor’s 280,000 vehicle fleet and
the funder said it wanted to renew its commitment to the SME market
along with its parent bank, which has pledged to increase business
support and lending via an SME Charter.
Andrew Kirby, director of SME sales at Lex
Autolease, said: “We recognise that transport is one of the key
building blocks of growth and want to help mobilise more SMEs and
their employees. We intend to play an active part in lending to
smaller firms, especially those with a similar approach to business
as ours.
“We’re interesting in acquiring a customer,
not a one-off transaction, so it’s important our relationship will
be a long term one and that we both share the same mutual interest
in quality customer service.”
grant.collinson@vrlfinancialnews.com
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