Supporting British businesses
How we're supporting British businesses, from entrepreneurs to SMEs impacted by coronavirus.
total lending to businesses in 2020 and throughout the pandemic
of CBILS and BBLS provided
to help our clients through
the impact of coronavirus to date
As a result, we lent £31bn in total to businesses in 2020 and throughout the pandemic.
We have been an active supporter of the government schemes to help businesses through any interruptions they faced, providing additional finance facilities to those businesses who needed them. This included providing support to over 350,000 businesses affected by coronavirus interruption, lending them nearly £13bn to date through the various Government Lending Schemes and the new Recovery Loan Scheme.
As lockdown restrictions began to ease in 2021 we also resumed our support for start-up businesses and have helped over 48,000 businesses to start-up in the first half of the year.
businesses supported via government lending schemes to date
businesses helped to start up in 2021
new public bond issuance in social housing, of which over £1.2bn is sustainability linked
Discover businesses we've helped by sector
Supporting health care
The Health Care Sector has shown great resilience in 2021 and dentistry and pharmacy have been particularly active, with high volumes of transactions seen. This has been driven by pent up demand due to the pandemic. At the same time we have seen a greater interest in GPs considering new, purpose-built premises, which we have not seen for some time.
In the first half of 2021 we have supported the sector with £165m of new funding and forecast similar funding in the second half of the year.
We have continued our £1m a year sponsorship of the Lloyds Bank Advanced Manufacturing Training Centre at the Manufacturing Technology Centre (MTC) in the Midlands to support the training and upskilling of apprentices and engineers in the sector, supporting the biggest issue manufacturers tell us they face into, skills shortage.
Through our sponsorship we have now supported the training & upskilling of over 2000 apprentices, graduates & engineers with more than 300 in the first half of 2021 alone and remain on track to support around 3500 by the end of 2024.
We shone a light on the value international trade provides and released ‘A New World for Global British Business’ report which investigated trade diversion by Lloyds Bank and Aston Business school.
The report showed businesses are actively looking at new export markets, with:
- 18% of exporters having already changed trading partners to divert business outside the EU.
- £50bn of exports have been diverted to non-EU countries since the Brexit referendum.
- One third of exporters still plan to trade with new markets.
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