Lloyd’s Register Group Ltd

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The Lloyd’s Register Group is an organisation that delivers business performance and safety enhancements through asset management and business systems assessment.

To facilitate this, we set, uphold and apply high technical standards of design, manufacture, construction, maintenance, operation and performance across many sectors to the benefit of businesses and communities alike. We are a global safety and risk management organisation serving the following sectors: off-site construction, utilities, ports and logistics, power, nuclear, marine, and oil and gas.

In recognition of a marked reluctance by lenders to lend against innovative construction and Buildoffsite, the Royal Institute of Chartered Surveyors (RICS), Lloyd’s Register (LR) and BLP established a working group with the lenders; Santander, Lloyd’s Banking Group, RBS and Nationwide. The purpose of the group was to understand the lenders’ concerns and formulate a process that would provide assurance to the lending community that risks associated with lending against innovatively constructed properties would be limited. That process has been defined and established, and is the Buildoffsite Property Assurance Scheme.

Lloyd’s Register will be supported in the assessment process by BLP.