Banks urge businesses to turn new confidence into investment

19:56 15 April 2014

Mark Amis, area director for East Anglia in the mid markets team at Lloyds Bank Commercial Banking

Mark Amis, area director for East Anglia in the mid markets team at Lloyds Bank Commercial Banking

© Joel Chant

Regional banking chiefs have issued a rallying call to businesses urging them to “convert confidence into investment” to help generate tangible business growth.

With Britain forecast to have the fastest growing economy among G7 countries, attention is now focusing on how that will affect investment decisions among firms which will be crucial in underpinning any sustainable upturn.

Mark Amis, area director for East Anglia in the mid markets team at Lloyds Bank Commercial Banking, said current business behaviour suggested that firms remain cautious.

And while many of the region’s firms are already planning investment by engaging bankers and advisors around ways in which they can deliver organic and acquisitive growth throughout 2014 and beyond, he believed that some will only benefit from the continued recovery by shifting their strategies.

However, the HSBC “Business of Growth” report said 2014 will mark a turning point for ambitious businesses in the region, predicting an increase in fixed investment in physical assets including machinery, premises and stock.

The bank said it was earmarking an extra £300m of lending to small and medium-sized firms in the East of England – part of a £6bn nationwide package of extra funds across its regional networks.

Mr Amis said: “Confidence amongst our region’s corporates is unquestionably growing, supported by improving conditions in employment, the manufacturing and services sectors, and the broader economy. Nationally, we increased our net lending to mid-sized businesses last year by 3pc against a market that declined by 6pc.

“We also achieved 4pc growth in cash deposits on balance in 2013 nationally, which clearly shows that cash is still on balance sheets and not yet beginning to be invested. On a local level here in East Anglia, we increased net lending to mid-market corporates by 10 percent during 2013.”

HSBC said that a significant amount of the lending for its small to medium-sized enterprise customers was earmarked to support growth.

Are you increasing investment in your business? Email business editor Shaun Lowthorpe at

Search hundreds of local jobs at Jobs24


Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other Eastern Daily Press visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Eastern Daily Press staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Eastern Daily Press account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Management Jobs

Show Job Lists


There are many things which can keep business owners awake at night – but finding ways of paying more tax is not likely to be one of them.

The past year will be remembered for economic uncertainty, but it was a good time for entrepreneurs, writes Barclays’ Simon Smith.

Green 100


Enjoy the Green 100
digital edition


Meet the Team

Mark Shields

Business Editor


Chris Hill

Agricultural and Farming Editor


Business Most Read


Norfolk Future 50 EDP Business Awards Green 100

Business Most Commented

Newsletter Sign Up

Sign up to receive our regular email newsletter