In 2004 Lloyd conducted his first Formula One test in a McLaren as part of his prize for winning the award the previous year. Due to funding difficulties, he was unable to compete in British Formula 3 as planned, although he carried out several tests with Alan Docking Racing with team mate Will Power, now an Indycar front runner. Instead he took part in the final seven rounds of the Euro Formula 3000 series recording one win and three pole positions and taking the series by storm.