Britain's Lloyds launches 500 million pounds fund for small companies [Reuters (UK)]
Lloyds Banking Group Plc American Depositary Shares (LYG)
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Source: Reuters
Britain's Lloyds launches 500 million pounds fund for small companies | Reuters Reuters Staff 3 Min Read LONDON (Reuters) - Lloyds Banking Group ( LLOY.L ) opened a 500 million pound fund to help British businesses finance equipment on Tuesday, targeting small and medium-sized companies which banks froze out of credit following the financial crisis. The bank said the fund will deliver quick access to finance by allowing companies to spread the cost of assets over their lifetime, enabling big investments that don’t eat into working capital. The government sees small- and medium-sized companies as key to unlocking higher productivity, which has fallen back to below pre-crisis levels this year, and to the success of the UK economy post-Brexit. These businesses have struggled to invest in the decade since the financial crisis as banks have shied away from lending to smaller businesses. The Lloyds fund will be open to businesses of all sizes, but the bank said it would be of particular b
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LYG
Sec Filings
- 4/17/24 - Form 6-K
- 4/16/24 - Form 6-K
- 4/15/24 - Form 6-K
- LYG's page on the SEC website