Lloyds TSB General Leasing is a Rolling Stock Company (ROSCO) formed in 2009 as part of the Lloyds Banking Group

Lloyds Banking Group

Lloyds Banking Group plc is a major British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at February 2010, HM Treasury held a 41% shareholding through UK Financial Investments Limited . The Group headquarters is located at 25 Gresham Street in London, with...

. Prior to its formation, Lloyds already had a stake in the UK rolling stock

Rolling stock

Rolling stock comprises all the vehicles that move on a railway. It usually includes both powered and unpowered vehicles, for example locomotives, railroad cars, coaches and wagons...

 leasing market through its membership of the consortium

Consortium

A consortium is an association of two or more individuals, companies, organizations or governments with the objective of participating in a common activity or pooling their resources for achieving a common goal....

 that purchased Porterbrook

Porterbrook

Porterbrook is one of the three major ROSCOs in the United Kingdom...

 in 2008. The company's first major train order was a £160 million purchase of up to thirty new 4-car Electrostar

Electrostar

Electrostar is the name given to a series of related electric multiple-unit passenger trains manufactured by Bombardier Transportation at their Litchurch Lane Works in Derby, England...

 EMUs for use by National Express East Anglia on its Stansted Express

Stansted Express

Stansted Express is a sub-brand of National Express East Anglia. It is the direct train service linking central London to Stansted Airport, one of London's major air hubs...

 and West Anglia routes. Lloyds TSB has also financed the 30 Class 70 locomotives entering service with Freightliner.