Asset finance specialist Catfoss Finance has announced a new block discounting partnership with investment manager Downing LLP.

The new block discounting facility will enable Catfoss to extend their reach to more UK SMEs, providing hire-purchase, leasing and refinance for business assets.

London based Downing (www.downing.co.uk) is an investment management business with over 30 years’ experience and in excess of £1.4 billion of funds under management.

Matthew Tate, Managing Director, Catfoss Finance, says: “We are delighted to welcome Downing on board as our latest funding partner. This new relationship will further enhance our offering and enable us to continue with our growth expectations”

Ian Allder, Head of Block Discounting at Downing comments: “This new partnership marks our continued commitment to the Block market. Downing are delighted to support Catfoss’ growth and, in turn, assist thousands of UK SMEs to realise their ambitions.”

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