Lloyds Bank Commercial Banking has continued to grow its Funding for Lending Scheme (FLS) to SMEs by 3.5% year-on-year on a net basis across the south and west, compared with 2.9% nationally.
In response to the Bank of England announcement regarding the Scheme, Paul Smart, area director SME banking in Thames Valley, Lloyds Bank Commercial Banking, said: “Lloyds Banking Group grew its lending to UK businesses and households through the Funding for Lending Scheme by £3.1 billion, on a net basis, in the third quarter of 2013.
"This is stronger growth than any other participant in the scheme has achieved over the quarter and is testament to our absolute focus on supporting the UK economy. We are the largest participant in the FLS with total lending to UK businesses and households of more than £441b.
“We have committed more than £28b of gross new lending to UK businesses and homebuyers since we launched our discounted FLS offers in September 2012, and nationally we have already exceeded our pledge to lend £6.5b to first-time buyers in 2013, three months ahead of plan.”
Bath-based Future plc, the publisher of specialist online and print magazines, said trading in its…
The university of Bristol was one of six organisations to receive a contract from the…
Oxford BioDynamics Plc is teaming up with researchers at King's College London in a bid…
More than a quarter of a million extra construction workers are needed in the UK…
Kent-based housebuilder Vistry revealed it was on track to deliver more than 10% growth in…
A Dorset-based company, which has developed ground-breaking technology to recycle plastic waste and turn it…