Lloyds Bank is significantly increasing its support for British companies after its latest research indicated that a substantial proportion feel they need extra help to achieve their goals for the coming year.
Productivity and Technology Top the Agenda for 2026
The bank's quarterly Business Barometer, which surveyed 1,200 firms, found that the overriding focus for UK businesses in 2026 is on improving productivity. In fact, 42% of companies cited this as a top priority.
To drive this efficiency, firms are looking heavily towards technology and skills development. The survey revealed that over a third of UK businesses plan to invest in artificial intelligence (AI) tools in the New Year. A similar proportion, also over a third, intend to make investments in team training.
Widespread Demand for Extra Support
Critically, the research highlighted a clear gap between ambition and capability. Over a third of companies stated they would require additional support in technology to successfully reach their 2026 objectives.
This demand for help underscores the challenges firms face in navigating rapid digital change. The potential rewards, however, are significant. Earlier research from the Lloyds Business Barometer in 2025 found that 82% of UK firms using AI reported increased productivity, demonstrating the tangible benefits of such investments.
Building Foundations for Long-Term Growth
Paul Kempster, Managing Director for Commercial Banking Coverage at Lloyds Business & Commercial Banking, commented on the findings. He stated that these investment priorities are about securing future success.
"These are investment priorities that will support businesses’ long-term growth, helping them capitalise on new opportunities that arise in the year ahead, but also build a firm foundation well beyond 2026," said Kempster.
He added, "Whatever their ambitions for the new year, we’ll continue to be with businesses every step of the way, providing our support to help them achieve their objectives and make critical investments for growth."
As the UK's largest digital bank, with one third of its staff in technology roles, Lloyds is positioning itself as a key partner in this business transformation. The bank rivals other major high street names including HSBC UK, NatWest, Nationwide, Santander, and Barclays in the competitive commercial banking landscape.
