Lloyds announces £2.5bn new finance commitment for Yorkshire businesses

Martyn Kendrick, Regional Director for Yorkshire, Scotland and North East at Lloyds, said: “Lloyds Banking Group is proud to make £2.5 billion of new finance available to local firms in Yorkshire, helping them grow their businesses, invest in innovation and create new jobs.

"Whether it’s supporting a small company taking its first step into exporting, or a larger firm scaling up to meet growing demand, we’re committed to helping businesses turn their potential into growth.”

Companies across Yorkshire already benefitting from Lloyds’ support include Ryedale Group, a business founded as a printworks. It recently launched We Play Padel Ltd as part of its diversification strategy.

As the fourth business under its group umbrella, it introduced two new padel courts at the Kirkbymoorside site.

James Buffoni, Managing Director at Ryedale Group Limited, said: “While specialist horticultural printing remains our core business, its seasonal nature makes it vital to explore new opportunities. That need became even clearer during the pandemic, when we realised we had to think beyond pivoting within print and instead look at entirely new ventures. Kirkbymoorside is nestled between Helmsley and Pickering – two well-known Yorkshire tourist spots – so we saw an opportunity to offer something that benefits local residents, especially younger people, while also drawing visitors from surrounding towns who might not otherwise have access to padel facilities outside of major cities.”