- New subscription platform, a first from any UK bank, brings together providers from all over the world
- Santander Trade Barometer shows over a third (37%) of UK companies expect their growth to come from overseas markets
- New platform covers 85% of UK trade corridors
Santander UK is today launching Santander Navigator1, a digital subscription platform to support UK companies with all their international growth needs. The new platform, a first from a UK bank, combines all the previous experience gained from supporting UK companies to expand overseas in one easy to use online system.
The new platform brings together an international ecosystem of expertise and knowledge which Santander Corporate & Commercial Banking’s international team has collated to help them overcome trade-related obstacles and to understand the various attributes of doing business in a new market. Whether they are existing Santander clients or not, businesses can sign up and pay a subscription to access a personalised service, based on their individual needs and to help achieve their international expansion and strategy.
John Carroll, Head of International & Transactional Banking, Santander UK said: “We believe Santander Navigator is a global first. It is a true end-to-end proposition to support businesses on their international growth journey and a fantastic example of how we’re innovating and introducing digital solutions that make businesses’ lives easier.
“It’s been two years in the making and we’re extremely excited to be launching something that is truly unique in helping businesses save time and money as they look to grow internationally. This is more than just a roundtable or a seminar, it’s a tailored growth strategy totally personalised to the business, its sector and based on specific insights and solutions we have curated in the local market.”
In 2017, Santander created its first Trade Barometer to understand and track the obstacles and challenges facing UK companies when it came to doing business overseas. Over and again, the same key issues were highlighted including how to find new markets and opportunities overseas; how to navigate the local bureaucracy and regulation which can differ significantly between countries; dealing with logistics, supply chains and freight issues and finally once operational in those new markets how to get paid. Santander Navigator was created to help companies find the support, specialists and skills to overcome these challenges.
Prior to the platform, Santander’s proposition has been manual and bespoke, but even so in the last four years we have helped over 750 individual businesses to successfully enter new markets and find new buyers. Santander Navigator will now allow the team to scale up and digitise this service, reach more businesses, and keep improving the scope of our value-added content and information.
As part of the launch, Santander is offering companies that turnover up to 15% of their current turnover internationally, 50% off the subscription fee, enabling ambitious businesses to achieve their international growth strategy, while at the same time supporting the UK Government’s target of £1 trillion in UK exports2.
Also on the platform, businesses can meet like minded companies in the community section, negotiate better rates or more sustainable routes for their finance and sign up for insight events with their subscription. They can follow the ‘ready to trade’ checklist, and learn more about specific regulations needed to take their products to a new market.
For more information or to sign up, visit www.santandernavigator.co.uk
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Notes to Editors
1) Santander Navigator is a 12-month subscription service costing £3,500, which can be paid annually, quarterly or monthly. Companies that are members of one of our affiliates could be eligible for a £500 discount on the subscription cost. For details of the affiliates or to access these discounts, please contact santandernavigator@santander.co.uk or call 0800 1697418.
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 31 December 2021, the bank had around 19,200 employees and serves around 14 million active customers, via a nationwide branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers’ eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in the Europe, North America and South America regions, and is one of the largest banks in the world by market capitalization. Its purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising over €120 billion in green financing between 2019 and 2025, as well as financially empowering more than 10 million people over the same period. At the end of 2021, Banco Santander had €1.15 trillion in total funds, 153 million customers, of which 25.4 million are loyal and 47.4 million are digital, 9,900 branches and 197,000 employees.