Supporting British businesses
How we're supporting British businesses, from entrepreneurs to SMEs impacted by coronavirus.
total lending to businesses in 2020
businesses supported through CBIL funding
We were also 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 311,000 businesses affected by coronavirus interruption, lending them £11.7 billion through the Coronavirus Business Interruption Loan Scheme and Bounce Back Loan Scheme.
As a result we finished the year lending £31 billion in total to businesses in 2020.
The Big Conversation
At the end of 2020, we launched The Big Conversation: Helping Britain Recover, a programme of 22 virtual events which brought together more than 900 businesses, community members, policy makers and subject-matter experts across the UK’s nations and regions to explore how we can help Britain recover.
Discover businesses we've helped by sector
Supporting Black-led businesses
Alongside our own Race Action Plan, in December 2020 we broadened our plan to go further and work beyond our own internal boundaries by actively supporting Black communities through our partnership with Foundervine and the Black Business Network.
We shone 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.
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