Press releases

Parogon Pub Group Limited, operator of seven gastropubs based in Staffordshire, has secured £2m of funding from Santander UK as part of the Coronavirus Business Interruption Loan Scheme (CBILS). The funding will enable the business to meet immediate cashflow needs and ready the sites for reopening this weekend. 

Santander UK has worked with Tunbridge Wells based Corinthian Benefits Consulting to provide a £175k CBILS loan. The funding will support cashflow during this uncertain period and enable the business to invest in and develop its online services proposition.  

The coronavirus pandemic has exacerbated the UK’s loneliness problem, with a quarter of UK adults saying that lockdown has made them realise that they have “no real friends”, according to new research by Santander UK.

Forecasts reveal it will take until 2022 for manufacturing to recover to its pre-Covid-19 growth track, while it could cost a potential £35.7 billion in Gross Added Value this year alone, according to a major report published today by Make UK and Santander UK.

Central Produce, a family run fruit and vegetable wholesaler based in Alloa, Scotland, supplies products to the catering trade across Central Scotland. The Coronavirus Business Interruption Loan Scheme (CBILS) loan provided by Santander UK enabled the business to continue trading during the crisis and helped to fund the set-up of a new delivery service. 
 

Practical Publishing International, a privately owned media group with specialist craft magazines published in markets around the world, has secured £500k funding through Santander UK and the Coronavirus Business Interruption Loan Scheme (CBILS).

Stadium MK Group, home to MK Dons football team, has secured a seven-figure Coronavirus Business Interruption Loan Scheme (CBILS) facility through Santander UK to meet cashflow issues, retain staff and plan future events as restrictions are lifted.

The 25 Boutique B&B, a five-star luxury boutique B&B in Torquay, Devon, has agreed a five-figure Bounce Back Loan with Santander UK to support the business during the COVID-19 pandemic.

• Additionally, PagoFX is now available on any device through PagoFX.com.

• The new solution, available for the 3.5 million sole traders in the UK, will accommodate everyone from freelance creative professionals, to tech developers, to microbusinesses and homemade crafters.

• No-fee programme extended for two more months, until mid-August.

F2 Medical Supplies, which imports small-sized medical products from China and Vietnam and supplies them to dental practices in the UK, has secured a finance package from Santander UK and the Government’s Coronavirus Business Interruption Loan Scheme (CBILS). 

• One in two (45%) Brits would willingly move their money to a ‘safe account’ if told by a supposed police officer or bank worker over the phone that their account was compromised
• Santander’s own data reveals a 53% increase in the volume of safe account scams in 2019 compared to the previous year
• Over half of Brits (56%) feel more vulnerable to these types of scams due to Covid-19
• Santander is highlighting the risks of safe account scams, working with footballing legend Robbie Savage on a parody of the infamous bath scene from the critically-acclaimed film ‘The Big Short’, as well as launching a series of online fraud prevention classes

Mitchells & Butlers, one of the largest operators of UK restaurants, pubs and bars, has secured £100m of funding from Santander UK and HSBC UK as part of the Coronavirus Large Business Interruption Loan Scheme (CLBILS).

From today, Santander will be proactively contacting all customers coming to the end of their repayment holiday to provide a range of options that can be tailored to suit their current situation.

Oxford-based The Cocktail Service Ltd, a fast-growing provider of premium mobile bars for events and festivals, has secured £100,000 in new funding from Santander through the Coronavirus Business Interruption Loan Scheme (CBILS).

The Big Display Company has secured funding from Santander UK and the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) to support the business through uncertainty caused by coronavirus.

Smylie Limited, one of the UK’s leading exporters of food and drink, has secured a £3.5m facility and £1m term loan after switching its banking to Santander UK. This additional working capital will allow the company to expand further into international markets – its key revenue stream.

HK Wentworth Group has successfully secured Coronavirus Business Interruption Loan Scheme (CBILS) funding through Santander designed to assist SMEs during the current coronavirus pandemic.

Cambridgeshire based Burley Hydraulics, which supplies a wide range of hydraulic components and services, has secured funding from Santander UK and the Government’s Coronavirus Business Interruption Loans Scheme (CBILS).

Weston-Super-Mare business, OPTIMAL-I Ltd, has secured a loan of £72k from Santander UK through the Coronavirus Business Interruption Loan Scheme (CBILS) to adapt how it delivers mental, behavioural and emotional support services during the coronavirus pandemic.

The family-run company has been supplying quality, affordable schoolwear for nearly five decades. The funding, through the Government’s Coronavirus Business Interruption Loan Scheme (CBILS), will help the business meet its financial obligations and prepare for the school season.