Aldermore has identified that crippling petrol & diesel costs are stifling UK growth and hurting its tens of thousands of UK customers, but hardest hit are SMEs.
FairFuelUK is also backed by the RAC and the UK road freight community and over 300,000 members of the public.
Headed up by Quentin Willson it is widely credited with saving UK businesses and motorist more than 11p per litre of extra fuel taxes since its launch in January 2011.
Its most recent success was the deferment of the 3p per litre hike planned for August.
Quentin Willson, national spokesman for FairFuelUK, said: “We welcome the support of Aldermore. FairFuelUK is pleased to have the support of a bank that understands about lending to small and medium sized businesses. It’s a perfect philosophical fit."
Damon Walford, managing director, Invoice Finance Aldermore, said: “Our focus is on helping the SME industry in whichever form that takes, whether that’s lending to businesses or supporting a cause which directly affects them, we want to champion on behalf of the SME and I’m delighted Aldermore has joined FairFuelUK’s campaign.
“The fuel rise planned for August has been rescinded but it is still due to be enforced in January 2013 and therefore, Aldermore in tandem with FairFuelUK, is hoping to bring the plight of the cost of fuel, once again to the Government’s attention, not just in terms of the impact this will have on the SME but Britons in general, after all, it affects everyone.”
Aldermore was launched in May 2009 and in just over three years, as at the end of June 2012, has total balance sheet assets of £2.1bn, with lending to SMEs at £900m to more than 12,000 customers.
