Speedy invests €11.6m four-hour delivery service

UK Construction equipment rental company Speedy has invested £10 million (€ million) in new products for its four-hour guaranteed delivery promise.

Speedy’s four-delivery promises is available to customers across the UK. If the company fails to meet the delivery promise, customers are given one week of free rental on the product.

The investment will add 25,000 new pieces of equipment to the service, which currently has 350 products available for delivery to anywhere in the UK within four hours, if ordered before 3pm.

Speedy, which recently set out Science Based Targets as part of its net zero emissions goal, said the investment was made in order to cater to a rising demand for quick site deliveries.

Dan Evans, COO at Speedy, said, “The growing demand for our four-hour delivery promise reflects the value it’s providing our customers, helping them to be more productive and complete projects on time by giving them quick access to essential site equipment.

“This latest investment boosts the availability of our top products throughout the UK. It provides our customers with the re-assurance that we can support them to get the job done on time, so that they can avoid costly delays to the projects they are working on.”

The 25,000 new units will increase the availability of equipment products such as lighting towers, power tools and materials handling kits, which are stocked at the firm’s countrywide network of 200 branches.

Speedy first launched a same-day delivery promise in May of 2018 as a London-based trial programme for construction contractors. 

The scheme was “enhanced to a four-hour UK-wide delivery promise” with 52 products available in January 2020” and, in September of the same year, was relaunched with an expanded range of products. 

This latest news from Speedy follows a number of significant changes made by the company over the past twelve months. 

While September of 2020 saw the business appoint James Bunn as its new Chief Financial Officer and announce the permanent closure of 13 of its UK depots, it has since established several Regional Service Centres and a specialist rail service depot.

This was followed by a number of significant fleet investments and in May of 2021 Speedy appointed its first Environment, Social and Governance (ESG) director.