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nesses that finance may not be available, which is something we want to put right. To help raise awareness of the support available to businesses we have been running a programme of at least 200 seminars nationwide to provide expert guidance and support for SMEs as part of our 2012 SME Charter. We have made a £12 billion lending commitment to support SMEs in 2012 to help boost business confidence and fuel growth across the UK, and we still approve eight

out of ten applications for loans and overdrafts. Our local managers have the authority to agree lending up to £500,000, and since January 2010 we have supported more than 230,000 start-ups. Lloyds Banking Group is also on track to deliver its full year contribution to the Merlin lending agreement, in which the participating banks agreed to jointly make available gross new lending of £190 billion to creditworthy UK businesses, including £76 billion for SMEs.

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showed that business activity grew across all the English regions, which measures up positively against the contractions in output seen across most of the eurozone. The higher levels of business output in February also contributed to moderate private sector employment growth across most of the English regions in the survey, as firms began to take on more staff to cope with rising workloads. Despite this, a perception remains among some busi-

In addition to Lloyds TSB’s Commercial and Commercial Finance arms, our private equity division, LDC, is playing a crucial role in supporting SMEs, and in the 12 months to December 2011, invested over £333 million in 17 companies. We encourage firms to actively seek out new opportunities in 2012 and to take full advantage of the guidance and support available to them from their lender as well as from business mentoring and development agencies. Now is an essential time to act in order to secure growth opportunities against high levels of competition.

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Tech City Magazine  

Tech City Magazine is the first publication for the Tech City area of London. The magazine is a business / lifestyle publication promoting...

Tech City Magazine  

Tech City Magazine is the first publication for the Tech City area of London. The magazine is a business / lifestyle publication promoting...

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