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Lloyds Banking Group offers 50 million pounds for customers hit by Carillion collapse

Cranes stand on a Carillion construction site in central London, Britain, January 16, 2018. REUTERS/Simon Dawson

LONDON (Reuters) - Lloyds Banking Group on Thursday announced 50 million pounds in emergency funding for small businesses hit by the demise of construction firm Carillion.

Small businesses customers that were in the firm’s supply chain will be able to apply to have fees on overdrafts and invoice finance facilities waived or for capital repayment holidays on existing loans following Carillion’s collapse on Monday, the bank said in a statement.

Reporting by Emma Rumney; editing by Carolyn Cohn

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