When it comes to start-ups and growing businesses, banks are often the first port of call and link to other crucial support.
It is important for the vibrancy and future of the UK economy that we get businesses of all sectors and sizes growing again. Lloyds Commercial Banking has more than one million business clients, ranging from the very small enterprises all the way up to the very large corporate giants, so we have an important role to play.
We place our clients – whether they are small businesses, mid-sized ones or large global corporates – at the heart of everything we do. Lloyds is a relationship driven bank, with local teams, making local decisions and the interaction our customers have with our relationship managers is the most important driver for success for us and everything we do is built around the client.
Lloyds Commercial Banking recently outlined a new commitment of support to small firms across the country in its two Business 2013 Charters. The Charters’ key aims are to help stimulate demand and boost access to finance for SMEs and mid market companies, encourage enterprise and provide guidance to help businesses grow successfully.
Lloyds Bank has been particularly focused in supporting the angel community in recent years. It is the only bank to be represented on the board of the UKBAA. As part of our education programme we have run workshops in Oxford, Liverpool, London & Surrey about equity finance and how it can work, and have introduced bankers to a number of private investors. We have also recently joined forces with the City of London Corporation and the London Business Angels to support the Angels in the City initiative. This is funding to attract up to 300 new angel investors from the City and support seed/early stage businesses with high growth potential. We are also pleased that the bank has been a cornerstone investor in the Business Growth Fund and to facilitate links between BGF and the UKBAA.
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