Robin Bulloch, Managing Director, Lloyds Bank & Bank of Scotland at Lloyds Banking Group said: “As part of our ambition to be the leading supporter of the UK’s Credit Unions, we are contributing a further £1 million to provide additional, sustainable lending to even more credit unions, and in turn their members, underscoring our commitment to help Britain prosper.”
Lord Kennedy of Southwark, Chair of the Credit Union Foundation, said: “The Lloyds Credit Union Development Fund has enabled the Credit Union Foundation to make a huge difference to the growth and sustainability of credit unions across the country. It is testament to the success and impact of the initiative that we were able to extend it for a fifth year taking the total Lloyds Banking Group investment to £5 million. Everyone at the Foundation and among the successful credit unions is hugely grateful to Lloyds Banking Group for their vision and commitment in making this transformational investment in our future.”
John Glen MP, Economic Secretary to the Treasury, said: “There are over 400 credit unions on our high streets, and each plays a vital role in the lives of people across the country. The government is committed to championing the fantastic work that credit unions do, and it’s great to see that Lloyds Banking Group continues to do its part too, by providing a further £1 million to help credit unions grow.”
The full list of winners for the 2018 round of the Lloyds Banking Group Credit Union Development Fund can be found here.