TATE & Lyle has awarded a sole supply contract to fleet management and funding specialist VELO. The solus deal is based on fully outsourced contract hire with maintenance and full support from VELO Motor Accident Management.

Tate & Lyle's fleet totals about 200 vehicles of which one third are owned by VELO. The remainder will be replaced by VELO-owned vehicles as rentals with existing suppliers expire. VELO first began working with the sugar, starch and sweetener producer in 1989 as one of several contract hire suppliers.