How we're supporting British businesses, from entrepreneurs to SMEs.
Green/ESG-related financing in 2021
CBILS and BBLS provided to help our clients through the impact of COVID-19 to date
Throughout 2021, we continued to be an active supporter of the Government schemes to help businesses through any interruptions they faced, providing additional finance facilities to those businesses that needed them. Since the pandemic began, we have given support to over 350,000 businesses affected by COVID-19 interruption, lending them over £13 billion through the various Government lending schemes and the Recovery Loan Scheme, as well as supporting them with overdraft extensions and capital repayment holidays on their other borrowing.
businesses supported via Government lending schemes, the Recovery Loan Scheme and our own support schemes
small businesses helped to start up in 2021
of new funding in the social housing sector, of which £2.4 billion is new ESG-linked financing
Our support across different sectors
The healthcare 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.
In 2021 we have supported the sector with £327 million of new funding.
We have continued our £1 million a year sponsorship of the Lloyds Bank Advanced Manufacturing Training Centre to support the training and upskilling of graduates, apprentices and engineers in the sector. This is helping to address the biggest issue manufacturers tell us they face into, skills shortage.
So far we've supported more than 2,500 people (with more than 300 in the final quarter of 2021 alone) and remain on track to help 3,500 by the end of 2024.
Infrastructure and lending
In 2021 we supported more than 40 infrastructure initiatives across the UK, with a cumulative project value of £26.2 billion. These included Dogger Bank C, the £2.7 billion windfarm in the North East of England, and National Air Traffic Services Plc for their £1.6 billion refinancing to support the UK’s sole provider of air traffic control services.
Business Banking Financial Assistance Team (BBFA)
News and insight
Construction school tackles industry challenges
With support from Lloyds Bank, AccXel construction school is tackling gender diversity and skills shortages in the industry with the help of virtual reality training.
Coffee trade-house going from strength to strength
London-based coffee merchant Equatorial Traders is expanding its reach and sustainability credentials with the support of a multimillion trade finance package from Lloyds Bank.
What are the top challenges for businesses right now?
Paul Gordon, Managing Director for SME & Mid Corporates at Lloyds Banking Group, on the challenges that business owners across the UK have faced recently.