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Lloyds helps small businesses with the Business ToolBox


Small and medium sized businesses (SMEs) will soon be able to benefit from a new digital service, the Business ToolBox, from Lloyds Bank and the business support network, Smarta Enterprises.

Back in April the Lloyds Bank Business Digital Index found that a third of UK businesses didn’t have even basic online skills. Not only that but they didn’t see the benefit of doing more online to help save time and improve efficiency. The research found that 94% of business owners said the tools in the ToolBox would be relevant to them and their company.

It will be possible to access the Business ToolBox from anywhere in the world. Nine online tools will be available to help manage day-to-day business activities including accounting, business planning, website construction, online data backup, email hosting and a credit checking facility.

Lloyds Banking Group is committed to improving the digital skills in small and medium businesses and continues to partner the digital skills charity Go ON UK which is chaired by Martha Lane Fox, founder of Lastminute.com. The resources available in the ToolBox have been introduced as part of this pledge.

Consumer digital director at Lloyds Bank Nick Williams said they are committed to helping UK businesses and “the ToolBox has been designed to offer small business owners the very best online tools that will help them to run their businesses more effectively and save money.” He added “The ToolBox has everything in one easy place to help SMEs be more efficient and pick out the opportunities for growth.”

The founder of Smarta Shaa Wasmund said “At Smarta we’re focused on making life easier for the people behind the UK’s 4.8 million small businesses. That means providing them with the tools, technology and support they need in order to be able to focus their time on growing their businesses rather than simply managing them”.

If you are a Lloyds Bank customer you can start a free trial of the tool to see if you and your business could benefit. If you decide one or more of the tools may be of use then you can subscribe to any tool within the ToolBox as and when you need it. Payment is made on a monthly basis and if you add a tool then the cost of that tool will be added to the following month’s bill.

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