You can find the latest Santander UK's news and press releases below.
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.
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.
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.
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.
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.
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.
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
Swansea and London Borough of Hillingdon will see the arrival of new cycle hire schemes this spring, after Swansea University and Brunel University London won the Santander Cycles University Challenge. The schemes, which will be open to students, residents and visitors alike, have been awarded to the two universities after they came top in a nationwide competition.
From Monday, 4 December 2017, Santander for Intermediaries (SfI) will be introducing a soft credit check process across all its intermediated mortgage business, providing customers with the peace of mind that their credit rating will not be affected at the early stages of applying for a mortgage.
Santander employees from the Flyde Coast came head to head with colleagues from South Glasgow recently as they competed in a “Store Wars” fundraising challenge for the bank’s charity partners Barnardo’s and Age UK.
Santander employees from across London and the East of England came head to head recently as they competed in a “Store Wars” fundraising challenge for the bank’s charity partners, Barnardo’s and Age UK
A Santander employee from Manchester was part of a 40-strong team that travelled to Nepal earlier this month to build a school for the disadvantaged Moser community outside Pokhara, as well as raise funds for Age UK and Barnardo’s, the bank’s charity partners in the UK.
Santander UK today announces the appointment of Gerry Byrne as a Banco Santander, S.A. nominated Non-Executive Director of Santander UK with effect from 1 December 2017. He replaces Manuel Soto who will be stepping down from the Santander UK Boards on 15 December 2017.
Happy Days Nurseries, a chain of 18 children’s nurseries across the South West, has secured £8 million in funding from Santander Corporate & Commercial to develop up to 10 new nurseries over the next three years. The funding from Santander includes a specialist Growth Capital loan. These are aimed at the UK’s most successful, fast-growth businesses.
Harrogate-based Beaucare Medical, one of the largest independent suppliers of medical, nursing and hygiene supplies throughout the UK, has completed a successful management buy-out (MBO). This is supported by £3 million of funding from Santander Corporate & Commercial. The facilities include Santander’s Growth Capital funding, which is targeted at the UK’s most dynamic, fast-growth businesses.
Following the decision by the Bank of England to increase the base rate by 0.25 per cent to 0.50 per cent, Santander has reviewed its variable rates on its saving and mortgage products for existing customers and has announced the following changes today:
Stoke-on-Trent based Hallmark Sheet Metal Ltd, a leading manufacturer of hi-spec sheet metal products, has completed a successful management buy-out (MBO) following a combined £2 million funding from Santander Business Banking and UK Steel Enterprise (UKSE).
Bideford-headquartered Travel Chapter, a leading holiday lettings agency with over 3,500 high quality properties under management across the UK, has secured funding from Santander Corporate & Commercial to support the company’s growth strategy. Travel Chapter owns a number of leading online booking websites including its flagship brand, holidaycottages.co.uk.
Santander has today announced the appointment of Bart White as Head of European Infrastructure Debt Advisory at Santander Global Corporate Banking (SGCB). Bart will report to Alejandro Ciruelos, Head of Project & Infrastructure Finance and Debt Advisory in London and to Carlos Muñiz; Global Head Project & Infrastructure Finance and Debt Advisory in Madrid.
From 2 November 2017, Santander UK will be increasing the rate on its Regular eSaver product from two point five per cent to three per cent for savings customers who are not part of 1I2I3 World1 or Santander Select.
Santander has cut the rates on its fixed two and five year products across 60, 75 and 85 per cent loan to value (LTV) zero fee range. The changes are designed to support customers looking to remortgage before the end of the year. As well as market leading rates, customers can also take advantage of the free valuation and free legals or £250 cashback.1
On Wednesday 30 August, Santander UK will officially open its newly designed and refurbished branch on Chorley Road, Swinton. It is the latest of Santander’s branches to be re-designed as part of a programme to deliver better customer service and community friendly banking.
Edwards Coaches, the largest independent coach operator in Wales and one of the largest in the UK, has secured a £11.4 million funding package from Santander Corporate & Commercial to assist with the set-up of its recently purchased Avonmouth Depot and to fund 40 additional coaches. The funding will also support the recruitment of approximately 110 new employees
London-headquartered Natilik, a leading provider of Hybrid IT and Communication services to mid-sized and large corporations, has received a multi-million pound Growth Capital investment from Santander Corporate & Commercial. The funding will enable them to continue their expansion and capitalise on growth opportunities.
Integrating Children and Young People (Integrating) has received £5,000 to fund the creation of a community-based money management project for children and young people with learning disabilities living in the Durham City and Chester le Street area.
St Paul’s Family Centre has received £5,000 to fund educational sessions for families in the Bigyn and Tyisha area of Llanelli. The sessions will provide advice on healthy eating, budgeting, and help build parent’s confidence.
(FCA Complaints Data – 01 January 2017 to 30 June 2017)
In line with the FCA complaints data reporting requirements, figures published today by Santander UK reveal there were 162,529 complaints received by the bank during the first half of 2017. This is a six per cent increase on the number reported for the second half of 2016, driven by a 25 per cent increase in PPI related complaints following regulatory announcements made in March 2017.
Aldridge-based dentist Dr Amit Jutlla is set to successfully realise his dream of running a regional dental chain following the acquisition of a third practice in his home town, adding to his two current practices in Aldridge and Shrewsbury. Dr Jutlla received a £1.66 million funding package from Santander Business Banking to acquire and invest in the new outlet and is considering further expansion given the right opportunities.
Greenock-based PG Paper Company Ltd, an international paper merchant and one of Scotland’s biggest exporters, is to target growth in South America following a £10 million funding package from Santander Corporate & Commercial.
Edwards Coaches, the largest independent coach operator in Wales and one of the largest in the UK, has secured a £11.4 million funding package from Santander Corporate & Commercial to assist with the set-up of its recently purchased Avonmouth Depot and to fund 40 additional coaches. The funding will also support the recruitment of approximately 110 new employees.
Families are prepared to spend an extra 12 per cent for their chosen school catchment address, adding £26,800 to the average UK property price
One in five (20 per cent) of these parents had to change jobs in order to get their kids into the desired school
44 per cent of all families who move to a certain catchment area say they will leave as soon as a school place is secured
Over half of the Milton Keynes Santander Cycles are currently off the road, due to heavy vandalism
Since the scheme launched in June 2016, over £200,000 worth of intentional damage has been done to the bikes
Santander is currently reviewing the bike docking station locations and discussing the overall viability of the scheme
Gainsborough-based dentist Dr Irfan Khokhar has purchased his first dental practice following £665,500 in funding from Santander Business Banking. Dr Khokhar’s Dencare Group has purchased Apex Dental Ltd and now has long-term plans to build a regional chain of state-of-the-art outlets.
425km cycle from The North Sea to The Bristol Channel has raised £12,800 for Santander’s charity partners Age UK and Barnardo’s
Thirteen employees took part in the cycle over three days with stops in Cambridge and Oxford
Brighton-based CT Dang Ltd, a rapidly expanding pharmacy group owned by three local siblings who are all qualified pharmacists, has purchased their second pharmacy in Brighton with the help of £1.3 million from Santander Business Banking.
Manchester-based Flipbook Studios, a leading video content producer, is set to expand its workforce and relocate to larger offices following significant funding from Santander Business Banking.
Five pupils from Prior Pursglove College, Guisborough join the bank for the summer to give them a career boost
60 students in total from 10 UK locations will participate in summer work experience
Placements support education charity’s ‘140 hours’ campaign
London based Marcol Health has acquired Bracknell-based Medical Solutions, a provider of remote 24/7 primary care consultation services via a team of qualified GPs, after receiving funding from Santander Corporate & Commercial, including a Growth Capital loan, which is aimed at the UK’s most dynamic businesses .
Today, Santander has announced the launch of Talking ATMs across its entire branch network in the UK. Customers now have the option to plug into the earphone socket on the front of the ATM to be guided through their transaction by voice assistance either with or without the use of the ATM screen.