Pledge from Lloyds group
Bank of Scotland targets help for SME exporters
This new pledge will see the Lloyds group support 5,000 businesses this year, and 25,000 by 2020.
The UK Government aims to help 100,000 businesses start trading overseas, as part of its Exporting is GREAT campaign, by the end of the decade.
Lloyd’s commitment is part of its SME Charter, published today, which includes pledges to continue growing lending to small businesses; help a new generation of start-up businesses; and support small firms on their next phase of growth.
Graham Blair, Regional Director, SME Banking Scotland, Bank of Scotland, said: “The success of the Scottish economy hinges on small businesses looking to overseas markets for growth. Through this new pledge, we want to support a new legion of Scottish exporters, and ultimately to help the Scottish economy to prosper.
“We have been working in partnership with UKTI for the past year, looking at ways to boost Scottish exports, and through this commitment we hope to contribute towards supporting new exporters.”
Lloyds has committed £450 million in digital technology and training.
Minister of State for Trade and Investment, Lord Price, said: “It’s great to see the banks doing their bit to support small and medium sized businesses looking to invest and create jobs.”