Supporting British business factsheet highlighting our continued support for them.
Supporting local businesses
Our purpose is to support the recovery of British businesses that have been affected by the pandemic, enabling our customers to thrive and helping Britain prosper.
Helping Britain Recover
We are by the side of businesses as they recover. We're supporting UK business to adapt and grow, and to create quality jobs across the regions of the UK.
Here’s how we’re supporting business recovery in 2021:
We're developing recovery plans for our customers, supported by
business specialists in communities across Britain
We are supporting at least
UK businesses to start up in 2021
We're helping at least
small businesses boost their digital capability through our Regional Academies, partnerships and digital mentoring
Supporting businesses through the Covid-19 pandemic
At Lloyds Banking Group, we’re committed to providing a swift response to the latest updates to ensure that all our stakeholders are in the know.
Stay up to date here with how we're helping customers and colleagues during the pandemic.
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.
Sustainability support for UK businesses
To support our business customers on their sustainability journey, over 823 Lloyds Bank colleagues have undertaken training on climate change and sustainability-related risks and opportunities in collaboration with the University of Cambridge Institute for Sustainability Leadership. We are putting sustainability at the heart of our relationship teams’ support for businesses.
Supporting British businesses
We're supporting British businesses, from entrepreneurs to SMEs impacted by coronavirus.
In January 2020 we reiterated our pledge to support British businesses by once again committing to lend up to £18 billion in 2020.
As the impact of coronavirus emerged, we committed to support businesses with our own £2 billion COVID-19 fund, which saw us grant more than 50,000 repayment holidays and overdraft extensions to businesses.
Business Banking Financial Assistance Team (BBFA)
We often hear that small businesses are the lifeblood of the UK economy, but the last year has been the most traumatic that most of them will ever experience. Many haven’t been able to open their doors since last March and their owners have lived in fear about what the future holds for them and their families. That lifeblood has needed a lifeline.
We’ve played a central role in providing financial support through the Government schemes in order to tide small businesses over. As we move on to the next phase of the national unlocking, we’ve been considering how we can continue to best help our customers through the continued uncertainty as the UK begins its recovery from the pandemic.
To address these changing customer needs, we’ve formed a new Business Banking Financial Assistance Team (BBFA). The team has been set up to support business customers who are facing into the storm, and it will play a crucial part in our strategy to help Britain recover.
Discover businesses we've helped by sector
International House London (IH London), which ordinarily welcomes around 10,000 students a year, is continuing to navigate disruption caused by COVID-19 and looking to the future, with support from Lloyds Bank.
A family run Greater London dental practice has donated all of its personal protective equipment (PPE) to NHS colleagues and stands ready to join the frontline fight against coronavirus.