Lloyds pledges £2.6bn of lending to London start ups

Keiligh Baker's picture

Lloyds Banking Group has pledged to support London-based start ups and existing businesses with up to £2.6bn of lending during 2019.

The £2.6bn is available to firms across London and will support entrepreneurs looking to start-up a new business, micro-businesses seeking to scale up and small businesses considering trading internationally for the first time.

Last year, Transport for London’s (TfL) main bus provider, Metroline, secured a £50m finance package as part of Lloyds Bank’s £2bn Clean Growth Financing Initiative to invest in hybrid and all-electric vehicles.

Ed Thurman, Lloyds Banking Group’s Ambassador for London said: “London is home to some of the UK’s most innovative businesses. Access to financial support is vital so that we can continue to make the most of the variety of skillsets across a wide-range of sectors and services.

“We’re lending up to £2.6bn to businesses across London and hope this financial support, along with our expert guidance, will enable businesses to continue to thrive in this period of uncertainty.”

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