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Emilio Botín presents the 2014 Formula Santander Grants in Bahrain

  • The bank will award a total of 300 international mobility grants to Brazilian, Spanish and British university students through its Santander Universities Global Division, to the value of 5,000 euros each.

Bahrain, 21 February 2014. Emilio Botín, Chairman of Banco Santander, has announced the fifth round of Formula Santander international mobility grants at a ceremony held in Bahrain – host of the second Formula 1 pre-season tests. Fernando Alonso, Scuderia Ferrari driver, and Jenson Button of McLaren Mercedes, took part in the ceremony with other members of their teams.

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The programme, organised by the bank through Santander Universities, is aimed at undergraduate and postgraduate students from Brazil, Spain and the UK and offers them the opportunity to do a placement at a foreign university with which the bank has a collaboration agreement. Each Formula Santander grant is for 5,000 euros and is to cover the costs of enrolment, relocation, maintenance and accommodation.

At the ceremony, Emilio Botín said "to support higher education is to contribute to a country’s development. It generates profound and meaningful change for the whole of society. Increased employment and improved wellbeing is founded on education, research and endeavour."

The universities participating in the programme will select their beneficiaries based, in particular, on their academic record, financial means and knowledge of languages. 300 grants will be awarded; 100 in each of the countries mentioned – Brazil, Spain and the UK.

In the 2013 round last year alone, over 10,100 students registered for the programme in order to apply for these grants. The majority of them were under 25 and the main destinations for those students were Brazil, Spain, the UK, Mexico, Chile and the US. Anyone who is interested should register at www.becas-santander.com.

Banco Santander promotes these academic initiatives through its Santander Universities Global Division, whose activities support the bank’s social action and enable it to hold collaboration agreements with over 1,100 universities and research centres around the world. Further information is available at www.santander.com/universidades.

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V edición de las Becas Fórmula Santander

El presidente Emilio Botín con los pilotos Fernando Alonso y Jenson Button, y miembros de ambos equipos.

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