Just to show that banks do use the Government’s Funding for Lending Scheme to help companies as well to help people buy houses, under the scheme Lloyds Commercial has lent stone supplier Digby Trading, in Halesowen, West Midlands, £275,000 to open a second trading premises, creating two new jobs.

Co-owners Claire and Darren Digby established their company importing hard landscaping stone from China and India in 2008. To create space to store its extensive range of stone products and accommodate expansion plans, the business, which already has operations at Felixstowe Dock and Stourbridge, decided it needed to open the extra yard.

The company approached Lloyds Bank and secured the loan to fund the purchase of the 3.8acre site in Halesowen.

Under the Funding for Lending Scheme, Lloyds says it is offering discounts of 1% to all SMEs in all sectors for the life of the loan.

Lloyds Commercial says that since it launched its Funding for Lending Scheme in September 2012 it has committed £6.3billion to small and medium sized enterprises.