Lloyds Bank has delivered over £1bn of additional lending to over 2500 manufacturing firms across the UK in nine months through its Manufacturing Commitment, beating its set target by three months.
The Manufacturing Commitment was a one-year commitment launched last September to further assist the sector and bolster the UK economy. The Commitment applied the Lloyds Funding for Lending offer of up to one per cent reduction in the interest rate for new business loans, with the full term of the loan available to businesses of…
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