Manufacturing plays an important role in the Midlands economy and is integral to our region's future growth story. The sector is a core focus for Lloyds Bank and having originally pledged to lend in excess of £6 billion to manufacturers between 2013 and 2018, we have increased our commitment to the sector by pledging a further £1 billion per year of new lending until the end of 2020. This lending forms a central part of Lloyds Bank’s support to the UK manufacturing sector and our Helping Britain Prosper Plan – a series of commitments to help local businesses and communities prosper across the UK.
Lloyds Bank has also sought to address one of the industry’s biggest challenges – the shortage of skills – through its £10 million sponsorship of the Advanced Manufacturing Technology Centre (AMTC) in Coventry. This commitment to the AMTC will enable the training and upskilling of 3500 engineers, graduates & apprentices by 2024 – with almost 500 apprentices and engineers trained since the Centre’s launch in 2014.
We continue to invest in our team of Relationship Managers, who are trained and accredited in manufacturing awareness by the Warwick Manufacturing Group, to ensure they have sector-specific expertise and a greater understanding of the unique challenges facing manufacturers allowing them to better support manufacturing businesses across the UK.
Our accredited Relationship Managers can work with you to find the right financial solution for your business. We offer a range of products and services including asset finance, invoice finance, overdrafts, loans and working capital management as well as trade support through trade finance, foreign exchange and our International Trade Portal, a powerful insights platform that enables our clients to find new markets and opportunities.
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- February 2015