£100m fund to boost Hinkley Point C works
The bank is aiming to help businesses access discounted lending so that smaller companies can join the supply chain during the construction of the project.
At present, it is estimated that construction of the multi-billion pound nuclear power station provide over 25,000 job opportunities.
David Beaumont, South West regional director of SME banking, Lloyds Bank Commercial Banking, said: “Hinkley Point is a huge investment for the South West and the UK and we want to help small and medium-sized businesses take advantage of the opportunities that exist in the supply chain.
“Whether it’s construction, catering or transport services, our £100million fund and support will ensure that businesses have the financial backing they need to capitalise on this multi-billion pound construction project.”
Greg Saunders, chair of Somerset Chamber of Commerce, said: “This is excellent news and a real fillip for the region."
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