Statement following Treasury COVID-19 announcement

17 March 2020

We welcome the Chancellor’s announcement this evening, detailing a range of initiatives to support British businesses of all sizes and across all sectors affected by the COVID-19 outbreak. We believe these initiatives will provide both reassurance and vital support to businesses over the coming weeks and months.

At Lloyds Banking Group we are committed to supporting our customers through any interruptions they face and providing additional finance facilities to those businesses that need them. We will do this by continuing to support large businesses, including helping them access the newly announced Bank of England lending facility and small and medium businesses through the lending we have set aside to support businesses affected by the COVID-19 outbreak and through the Government’s increased Business Interruption Loan Scheme.

We stand ready with our own support and that announced by the Government to support our customers in the weeks and months ahead.