Lloyds Bank to Lend UK Businesses up to £18 Billion in 2019
Lloyds Banking Group has announced a commitment to “help Britain prosper” by supporting existing and new businesses across the country throughout 2019.
The bank intends to lend up to £18 billion to help entrepreneurs looking to start a new business, micro-businesses seeking to scale up and small firms considering trading internationally for the first time. Support will also be available for established medium and large enterprises and multinational corporations seeking further growth.
The bank’s support for UK enterprise is part of a three-year strategy, which has already committed to grow its net lending to start-ups and small and medium-sized firms by £6 billion by 2020.
António Horta Osório, Chief Executive of Lloyds Banking Group said:
“In 2019, we will lend up to £18 billion to businesses across the UK.
“During these uncertain times, it is important that our customers have financial support and expert guidance to navigate the challenges they may face.
“Whatever the future brings, we will continue to support UK businesses as part of our commitment to help Britain prosper.”
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