Press releases

Edinburgh based Ideal Electrical Solutions (UK) Limited (“IES”), one of Scotland’s leading electrical contractors, has secured a funding package from Santander Business Banking to support the expansion of its headquarter in Edinburgh. The firm has seen increased demand for its services and the new premises will allow for further growth.

The mother and son team behind one of west London’s more successful jewellery businesses have been able to realise their dream of expanding the business following funding from Santander Business Banking. Rathy Jewellers, based in Wembley, has received significant funding from Santander Business Banking to refurbish its existing store and take over an adjoining shop for its new brand proposition, IMJ Imitation Jewellery.

Heart of England Mencap has received a £5,000 grant to fund a volunteer co-ordinator to help customers find and access volunteering opportunities within the local community.

Cumbria Deaf Association has received £5,000 to fund the cost of providing a development worker to support the deaf community in the Furness area of South Cumbria.

• Unarranged overdraft fees to be removed completely from Santander current accounts that charge monthly account fees: 123, 123 Lite and Select / Private current accounts
• Unarranged overdraft fees to be capped at £50 per month, reduced from £95 per month, on other personal current accounts
• Customers to be automatically registered for unarranged overdraft alerts to help minimise or prevent fees

On 23^rd January 2018, Santander UK will officially open its newly designed and refurbished branch on 28 Broad Street, Seaford.

• Santander mortgages applied for from 23 January onwards will transfer to our new Follow-on Rate (FoR) at the end of the fixed or tracker rate period
• Products applied for prior to this date will continue to move to Santander’s Standard Variable Rate (SVR) at the end of their term
• Santander’s FoR is a variable rate that tracks at 3.25 per cent above the Bank of England Base Rate (currently 0.50 per cent), giving a rate of 3.75 per cent

On Wednesday, 10^th January 2018, Santander UK will officially open its newly designed and refurbished branch on Victoria Square, Aberdare.

On Wednesday, 10^th January 2018, Santander UK will officially open its newly designed and refurbished branch on Beeston High Road.

On Tuesday 9^th January 2018, Santander UK will officially open its newly designed and refurbished branch on 37-39 High Street, Ely.

Bromsgrove-based company Watertight Management Ltd, specialists in civil engineering and clean and waste water management services, is set to open new premises at Saxon Business Park in Bromsgrove following £522,000 in funding from Santander Business Banking 

London-based Battery Energy Storage Solutions Ltd (“BESS”), a leading independent provider of power storage, energy security and energy flexibility services, has secured £28.5 million in funding from Santander Corporate & Commercial to execute its strategy of becoming one of the UK’s largest independent owners and operators of battery storage assets. The short term strategy is to build and operate a portfolio of 100MW of grid scale battery storage assets by the end of 2018.

The Together Project, a London-based community programme which runs activities that unite different age groups, has received £10,000 of matched funding from Santander’s innovative Changemaker Fund.

• Demand from emerging markets, the rise of the ‘green chemistry’ industry, and the need for specialist chemicals for 3-D printing are some of the key opportunities for the UK’s chemical manufacturers
• Manufacturers should continue to invest in R&D and focus on exports
• Digitalisation has the scope to reduce costs, big opportunities lie in optimisation, better security and ‘smart’ manufacturing

• Santander ’fake job ad’ experiment¹ convinces one third of Brits² to apply for a job as a money mule. Only fifteen per cent rightly identified the role as that of a money mule.
• Of those who fell for the ad, seven per cent said they would still apply for the job even after they were informed it was a role as a money mule.
• Those aged 18-24 years were most easily duped, while regionally those in Northern Ireland were most likely to fall for the scam.
• 71 per cent of people are unaware of the term ‘money mule’ but even when given an explanation of what it is over a quarter thought it may carry no criminal punishment.

A father and daughter team of entrepreneurial pharmacists has acquired three pharmacies in Lancashire following a seven-figure funding package from Santander Corporate & Commercial. The acquisitions complement their four other established pharmacies in the UK, including O’Brien’s Chemist at the Fleetwood Health and Well Being Centre.
 

MESH, a community interest company which is setting up Plymouth’s first Library of Things, has received £3,710 of matched funding from Santander’s innovative Changemaker Fund. The library will enable people in Plymouth to borrow tools and equipment in a similar way to borrowing books from a traditional library.

Madlug, a community-based social enterprise in Northern Ireland which helps children in care carry their personal possessions with dignity by providing them with a specially designed bag, has received £10,000 of matched funding from Santander’s innovative Changemaker Fund.

• Santander is making £75m available for SMEs affected by collapse of Carillion
• Dedicated helpline launched to support customers 
• Support available for mortgage customers

Evolve, a Birmingham-based community programme which provides educational and activity courses to support disadvantaged children, has received £5,000 of matched funding from Santander’s innovative Changemaker Fund.