Lloyds Bank has a long history with the manufacturing sector and continues to be committed to support UK manufacturers, from Small & Medium Enterprises (SMEs) to listed Tier 1 (Original Equipment Manufacturers) OEM’s, supported by our highly experienced Environmental, Social and Governance (ESG) team for the sector. Our manufacturing sector and ESG teams support businesses across the UK, providing insights and learnings to clients to inform their green strategies. The team combines deep experience in structuring sustainable finance products across many sectors with expertise and insights to help clients make the right decisions for their firms and the environment. In 2022, the Group provided £7.9 billion of green funding and sustainability linked finance to corporate and institutional customers.
We continue to invest and develop partnerships in the sector. Since 2015, we’ve worked in partnership with the Manufacturing Technology Centre (MTC) and have recently extended our collaboration through to the end of 2029, with a total sponsorship of £15 million. We’re working alongside the MTC to create the next generation of engineering talent while upskilling and reskilling existing workforces by delivering high-value manufacturing apprenticeships and training programmes. We’re on track to train and upskill 6,000 graduates, apprentices, and engineers by 2030.
Through the partnership, we’re focusing on emerging challenges such as the journey to Net Zero, ongoing skills shortages in the sector, and looking at the future of manufacturing with digital and technology adoption. Our sector expertise and strong product offering mean that we bank 1 in 5 SME manufacturers in the UK and continue to support thousands of manufacturers to adapt and grow during challenging times.
For more information on our support for the manufacturing sector, visit us here.
For more information on our sustainability related support for our clients, visit us here.
For further insights on our support for small to mid-corporate businesses, visit us here and follow us on LinkedIn.
For further insights on our support for corporate and institutions, visit us here and follow us on LinkedIn.