By Daniel Hunter
Lloyds Bank has been named "Business Bank of the Year" for the 11th consecutive year at the FDs’ Excellence Awards, supported by the CBI and the Institute of Chartered Accountants in England & Wales (ICAEW).
The award follows a number of recent successes for Lloyds Banking Group in its support for UK businesses, including:
- Increased lending to UK SMEs, by 4% net, at a time when the market is in decline, and a pledge to grow net lending by £1 billion a year until 2017.
- A pledge to help 1,000 UK start ups push through the £1 million turnover barrier within three years.
- The launch of the 'Helping Britain Prosper Plan', featuring a series of targets to help UK businesses start up, scale up and trade internationally.
Tim Hinton, Managing Director, Mid Markets and SME Banking, Lloyds Banking Group said: “We are delighted to have won the Business Bank of the Year award for the 11th consecutive year. This is a strong endorsement from clients and Finance Directors across the country of the work Lloyds Banking Group is doing to support the UK economy and the millions of businesses that are the driving force of its growth.
“As the economy continues to improve, companies of all sizes need to ensure that they are ready to seize opportunities for growth. Through our continued increases in lending and other finance solutions and our wider support for start ups and exporters, we are backing our clients’ ambitions and this award demonstrates that they have confidence in the help we are providing.”