Liberty Leasing has announced a £3m increase to its existing block discounting facility with United Trust Bank (UTB), taking the total facility to £10m.
The expanded funding line will enable Liberty Leasing to further support small and medium-sized enterprises (SMEs) across key UK sectors, including construction, engineering, transport, agriculture and printing.
United Trust Bank launched its block discounting activities in 2024 to provide competitive wholesale funding to non-bank lenders that cannot finance operations through retail deposits.
The specialist bank has since developed strong relationships with independent asset finance providers supporting leasing, hire purchase and loan facilities.
Alan Cooper, finance director at Liberty Leasing, said: “We’re delighted to announce an increase in our United Trust Bank (UTB) block discounting facility to £10m.
“UTB has supported us since early 2024 with our provision of asset finance to UK SMEs, providing them with much needed asset finance to grow their businesses.
“We believe that this additional facility will enable us to further extend our support of British industry by providing asset finance to even more SMEs across the UK.”
Julian Mellors, head of wholesale financing at United Trust Bank, said: “We’re very pleased to augment our Block Discounting Facility for Liberty Leasing, one of the leading independent asset finance companies in the UK.
“Liberty has been active in supporting UK SMEs for many years, and we’re keen to support independent finance providers like Liberty with the sources of funding they require to operate.”
