Lloyds Bank has announced a £100 million fund to provide discounted lending for small businesses so they can bid for supply chain opportunities at Hinkley Point C.

Small business customers can apply to the fund which will waive arrangement fees on lending directly linked to the construction of Hinkley Point C and provide invoice finance and asset finance facilities.

David Beaumont, South West Regional Director, 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.