May 18, 2018 / 8:23 AM / 3 days ago

Lloyds Bank launches 100 million pound fund for Hinkley Point

LONDON (Reuters) - Lloyds Bank (LLOY.L) has launched a 100 million pound fund to help small businesses take advantage of supply chain opportunities during the construction of the Hinkley Point C nuclear plant in Britain, it said on Friday

Construction work including one of two 'nuclear islands' is seen at the Hinkley Point C nuclear power station near Cannington in southwest England, January 17, 2018. REUTERS/Toby Melville

The fund will help small to medium-sized enterprises (SMEs) across Britain access discounted lending and take part in the project

    The fund can also be used by businesses that provide indirect services to the power plant through an agreed contract such as hotels, transport, catering, facilities management and security services, Lloyds said in a statement

    Hinkley Point C in Somerset is due to come online by the end of 2025 and will be the first nuclear plant built in Britain for decades

    Reporting by Nina Chestney

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