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Posted on:
6th April, 2018

Lloyd's 'Helping Britain Prosper' plan aims to help tackle social economic issues

Tara Foley is the Customer, Innovation & Chief Operating Officer for LBG’s Risk Division and her broad remit includes driving the Group Strategic Review on behalf of the Division; regular risk reporting to the Board on the Group’s risk management appetite and status; BAU operation of risk infrastructure and systems; provision of tailored underwriting and fraud decisioning and commercial recoveries.

Lloyd's 'Helping Britain Prosper' plan aims to help tackle social  economic issues

Lloyds Banking Group was delighted to sponsor the LEP conference dinner once again. We value our relationships with organisations that share our goals of supporting people, businesses and communities in areas such as skills, access to finance, innovation and supporting UK trade.

We recognise that our success is inextricably linked to the health of the UK so in 2014, we launched our Helping Britain Prosper plan. The Plan takes us beyond business as usual to tackle the social and economic issues that matter to Britain and we believe makes a positive difference to the communities that we serve.

In 2017, we supported more than 124,000 businesses to start trading and trained more than 700,000 people, small businesses and charities in digital skills. Through our four independent charitable Foundations, we helped more than 2,800 charities do more to tackle disadvantage and our colleagues raised £4.8 million for Mental Health UK to enable it to launch the UK’s first Mental Health and Money Advice Service.

For 2018 and beyond, our Plan focuses on the areas where we believe we can continue to make the biggest difference:

  • To enable more people in Britain get a home we plan to lend £30bn by 2020 to first time buyers.
  • To support businesses looking to start up and grow we’ll be increasing our net lending to SMEs and Mid-Market businesses by £6bn by 2020. We’ve also challenged ourselves to increase the number of apprenticeships we offer from 1,000 this year to a total of 2,500 over the next three years.
  • To build Britain’s digital capability, we’ll support a further 1.8m individuals, SMEs and charities to develop their digital skills by 2020.

Through our products and services, we have been helping the people, businesses and communities of Britain for more than 250 years. But we want to do even more; we want to be a bank for Britain.

Read more about our plan here Helping Britain Prosper

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