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In October 2015, Lloyd was elected to Parliament as the Liberal Party of Canada candidate for Guelph, Ontario. In his first
term, Lloyd served as a member of the Standing Committee for Industry, Science and Technology and as a member of the Standing Committee for Agriculture and Agri-Food. Lloyd is active in many caucuses including as Co-Chair of the Automotive Caucus and Secretary of the Ontario Caucus.

In October 2019, Lloyd was re-elected to continue serving the people of Guelph. During this Parliamentary term, Lloyd served as Vice-Chair of the Standing Committee on Public Accounts and as a member of the Standing Committee on the Environment and Sustainable Development.

In addition to his committee roles, Lloyd was called on to serve as Chair of the Parliamentary Health Research Caucus which advocates for long-term, sustainable health research funding in order to spur innovation and ensure that Canadian citizens are among the healthiest in the world.

Lloyd is focused on working with the community on priorities such as the environment, housing, mental health, Indigenous reconciliation, early learning, childcare, and our post-pandemic economic recovery.

Lloyd has been serving Guelph for 25 years in community benefit organizations and led the Guelph Chamber of Commerce for 7 years. This followed a successful career in hydraulic and pneumatic automation that ranged from business startup to working with distributors across Canada as Managing Director of European multinationals.