A banking group has a cashpot of more than £1bn for Welsh businesses
As part of Lloyds Banking Group’s national pledge to lend £18billion to UK businesses, the Group has set aside £1.1billion of lending for Welsh companies during 2019.
They said it underlined to existing and new businesses across Wales that the Group is committed to supporting businesses through 2019 and beyond.
The £1.1billion is available to firms across Wales and will support entrepreneurs looking to start-up a new business, micro-businesses seeking to scale up and small businesses considering trading internationally for the first time.
It will also support established mid-sized businesses and large, multinational corporations seeking further growth.
Carys Williams, Lloyds Banking Group’s Ambassador for Wales, said: “Welsh businesses have continued to show impressive resilience and determination to succeed in 2018.
"Wales is home to many dynamic and innovative businesses that hold huge potential to grow in the next twelve months.
“Being able to lend up to £1.1billion this year to our diverse business community should give entrepreneurs, starts ups and SMEs the capital they need to reach their ambitions, whether it’s to launch a new venture or start trading internationally for the first time.
"We’re committed to supporting Welsh firms of all sizes, both financially and through our specialist expertise as they go for growth in 2019.”
