In addition to teaching, Lloyd returned to his solo career, forming a backing band that included bassist Peter Stuart and drummer Chris Butler. A new studio album, The Cover Doesn't Matter, was released in early 2001. Lloyd revisited his second solo album, Field of Fire, in 2005, completely redoing it, and the results were issued as 2007's Field of Fire on Reaction/Parasol, which included both the original and redone versions of the album. The all-new Radiant Monkey arrived that same year. In 2009 LLoyd completed work on the Jamie Neverts Story, an ambitious collection of Jimi Hendrix covers.