The three-year sole supply agreement will see Lex provide an initial 600 cars and commercial vehicles to help with the FTSE 250-listed business’s plans to hire 250 new employees this year to join the existing 1,200-strong workforce.

The new deal is set to significantly reduce fleet costs for the property developer by digitising previously manual processes, including invoicing and online ordering.

Martin Gilpin, HR manager, Redrow Homes Plc, said: “As we look to continue to invest in our business following our record first half performance, it’s integral that we have the support packages in place to provide the best for our employees, and in Lex Autolease, we have a supplier that can quickly scale up to meet our needs.”

Matthew McDonnell, business development manager, Lex Autolease, commented: “Our work with Redrow demonstrates that leasing can provide large businesses with the support needed for a significant increase in headcount over a short period, together with delivering savings that can be reinvested back into growth.  

“Additionally, by providing the company with maintenance, Daily Rental and accident management solutions, we can ensure Redrow keep their vehicles on the road with the minimum of downtime. Together with Lloyds Banking Group, we’ll strive to support the business on its upward growth trajectory.”