Asset Alliance Group helps pioneer alternative fuel for public transport

A fleet of bio-methane gas buses, funded by Asset Alliance Group, has significantly reduced carbon emissions in Bristol and is setting the trend for providing a sustainable way to travel.

The m1 route, operated by HCT Group, under its British Community Transport (BCT) banner, uses a fleet run entirely on bio-methane gas generated from food and farm waste and sewage, which is carbon-neutral and offers an 80% reduction in greenhouse gases and a 95% reduction in Nitrogen Oxides compared to Euro 6 diesel engines.

HCT Group has seen a 17% increase in passengers since introducing the buses, which connect south Bristol, the city centre and the Bristol campus of the University of the West of England, contributing to a significant reduction of pollution.

The 21 new double deck Scania ADL Enviro400 CBG buses, which have 70 seats, wheelchair space, Wi-Fi and USB charging points, were funded by Asset Alliance Group on a long-term hire purchase contract.

Dai Powell, Chief Executive of HCT Group, says: “Being able to provide an alternative fuel fleet has been instrumental in expanding our services in Bristol and helping make public transport in the area more sustainable, and among the best in the country.

“Asset Alliance Group has supported us for more than 20 years, and their advice is invaluable. They always provide us with carefully negotiated, flexible, and cost-effective funding for our fleet, and we knew they would do the same for our new alternative fuel vehicles.”

Michael Bycroft, Managing Director, Bus and Coach and Asset Funding for Asset Alliance Group, said: “Clean Air Zones have brought the use of alternative fuels into sharp focus, but people are also taking more of an interest in their personal environmental impact as shown by the increased numbers of passengers using these premium buses.

“Gas-powered vehicles will have an increasingly important role to play on the roads, and we are happy to provide independent advice and financial support to help get as many operational as possible. Bristol is setting a fantastic example to the rest of the country.”

In July, a £960,000 permanent bio-methane gas filling station was opened at the BCT depot in Bedminster by First West of England, supported by the Low Emissions Bus Fund from the Government’s Office of Low Emission Vehicles.

HCT Group is a social enterprise and reinvests profits from commercial operations into community transport services in the communities it serves. It has 1,800 employees and 17 depots across London, Yorkshire, the northwest, the southwest, Derbyshire and the Channel Islands.

ENDS

Note to editors:

Asset Alliance Group has redefined the way companies acquire commercial vehicles and occupies a unique position in the market, as it uses its own funds and significant buying power to supply multi-brand vehicles on any combination of contract hire, operating lease, finance lease or hire purchase. This flexibility, combined with a transparent and consultative approach, helps customers drive maximum efficiency from their fleets.

Asset Alliance Group also stands out for maintaining full control of residual risk through its retail arm, which protects customers from overly strict return conditions commonplace in the industry. Its modern workshop facilities also keep end-of-life costs to a minimum and provide the opportunity to refurbish vehicles in-house for an additional life in service.

The Group is headquartered in Wolverhampton and was founded in 2010 by Willie Paterson, former Director of Commercial Finance at Alliance & Leicester plc.

For further information, please contact:

Lois Spall or Lucy Pitcher at Garnett Keeler PR
Tel: 020 8647 4467
Email: lois.spall@garnettkeeler.com or lucy.pitcher@garnettkeeler.com

AAG/391/19


About Asset Alliance Group

Asset Alliance Group has redefined the way companies acquire commercial vehicles and occupies a unique position in the market, as it uses its own funds and significant buying power to supply multi-brand truck, trailer, bus and coach vehicles on any combination of contract hire, operating lease, finance lease or hire purchase. This flexibility, combined with a transparent and consultative approach, helps customers drive maximum efficiency from their fleets.

Asset Alliance Group also stands out for maintaining full control of residual risk through its retail arm, which protects customers from overly strict return conditions commonplace in the industry.

The Group operates across four UK sites and is headquartered in Wolverhampton. It was founded in 2010 by Willie Paterson, former Director of Commercial Finance at Alliance & Leicester plc.


Contacts

Lois Spall, Garnett Keeler PR
+44 (0)20 8647 4467
lois.spall@garnettkeeler.com
Lucy Pitcher, Garnett Keeler PR
+44 (0)20 8647 4467
lucy.pitcher@garnettkeeler.com
Asset Alliance Group
Edwin House
Boundary Industrial Estate
Stafford Road
Wolverhampton
WV10 7EL
+ 44(0)1902 508 498
https://assetalliancegroup.co.uk/