Walsall-based G Simmons & Sons, the family-owned manufacturer of pork scratchings, pork crackling and related products, is to expand its premises to cater for record demand following £334,000 in funding from Santander Business Banking.
Santander UK, via its merchant acquiring partner Elavon, will from the spring enable its business customers to join the growing European networks of well-known Chinese payment wallet providers, across e-commerce solutions.
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
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
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.
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.
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.
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.
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
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.
Santander has today announced a £917million commercial real estate loan securitisation. The deal (which closed on 22 December 2017), a collateralised loan obligation, Red1 Finance CLO 2017-1 Designated Activity Company (Red1), is one of the first post financial crisis synthetic transactions of UK commercial Real Estate assets.
North Devon-based supplier of sustainable building and decorating products Mike Wye & Associates is building a specialist eco property to showcase innovative sustainable products and building skills following £250,000 funding from Santander Business Banking. Two additional members of staff have been hired in preparation for this project.
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
