Venture capital group 3i has introduced a contract purchase company car scheme after it changed fleet providers.

Lewis Claxton, group purchasing manager at 3i, said that the company decided to contract purchase its 120 company car fleet, with the help of Zenith Vehicle Contracts, because it was the best way of creating value.

He added that it recognised the importance of company cars as a benefit and that it was looking to expand its car offering in the near future.