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Acción SAN (Madrid) Negativo 4.423 | -1.39% | 17:35
23/12/2016

Santander cements its place as a leading contributor to UK universities (Disponible solo en inglés)

Attendees of the event.

London, 23st December 2016. At Santander Universities' annual Vice-Chancellors Meeting, Nathan Bostock announced four new initiatives and an additional £1.6 million in funding, taking the total investment by Santander Universities to £11.3 million for this academic year.

The event was attended by over 35 UK Vice-Chancellors as well as the bank's Chair, Shriti Vadera, Head of Retail and Business Banking and Deputy CEO, Javier San Félix, Chief Operating Officer for Retail and Business Banking, Manroop Khela and Director of Santander Universities UK, Matt Hutnell.

 Since its inception in the UK in 2007, Santander Universities has donated over £50m to UK universities and supported thousands of students, businesses and projects.

Santander UK Chief Executive, Nathan Bostock said: "I am proud to say that Santander has become a true partner to the Higher Education sector over the last ten years… More than ever, we recognise the need to help young people capitalise on their skills, their ideas and their potential."

 The four new initiatives and funding are:

  • An expanded internships scheme – we will now provide 3,250 internships for students to gain experience in the SME sector through providing £3.25 million in funding. The scheme helps to improve the employability of young people but also provides local businesses with access to young talent, investing in local communities and the local economy.
  • Scaled-up Entrepreneurship Awards – Our research from earlier this year showed that 30% of students currently run or plan to run a business while they are still at university. The Awards support and encourage university students and recent graduates to pursue their business ideas through a national pitching competition to identify the best businesses from Santander Universities' 81 partner universities. Prizes include funding, support and mentoring and they'll be increased  collaboration with the Retail and Businesses teams in 2017.
  • A new fund for Widening Participation - £400,000 fund to support Widening Participation. Provides support for students from disadvantaged backgrounds to study, undertake research or work in a foreign country. The fund aims to help tackle the barriers, both social and economic, that still prevent too many people from fulfilling their educational potential. 
  • Santander Cycles on University campuses - From 2017, Santander will be working with its University partners to expand the popular Santander Cycles scheme, this supports Santander's goal to invest in local communities, helping to provide greater mobility to people.

Nathan Bostock alongside colleagues from Santander and partner universities also attended the Times Higher Education Awards later on in the evening.  At the event, which is sponsored by Santander Universities, Nathan Bostock handed out the award for 'University of the Year' to London School of Hygiene and Tropical Medicine.

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