Press releases

Smylie Limited, one of the UK’s leading exporters of food and drink, has secured a £3.5m facility and £1m term loan after switching its banking to Santander UK. This additional working capital will allow the company to expand further into international markets – its key revenue stream.

Cambridgeshire based Burley Hydraulics, which supplies a wide range of hydraulic components and services, has secured funding from Santander UK and the Government’s Coronavirus Business Interruption Loans Scheme (CBILS).

HK Wentworth Group has successfully secured Coronavirus Business Interruption Loan Scheme (CBILS) funding through Santander designed to assist SMEs during the current coronavirus pandemic.

Weston-Super-Mare business, OPTIMAL-I Ltd, has secured a loan of £72k from Santander UK through the Coronavirus Business Interruption Loan Scheme (CBILS) to adapt how it delivers mental, behavioural and emotional support services during the coronavirus pandemic.

The family-run company has been supplying quality, affordable schoolwear for nearly five decades. The funding, through the Government’s Coronavirus Business Interruption Loan Scheme (CBILS), will help the business meet its financial obligations and prepare for the school season.

The six-figure finance package from Santander UK and the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) includes an invoice finance facility and overdraft.

Coronavirus has supercharged the speed of digital adoption, with three in five (59%) Brits using more digital services than they did before the pandemic. The shift in habits has been exemplified by the older generation, with one in five (17%) over 55s signing up to at least three new online entertainment, socialising or shopping services since the pandemic began. 

Manchester based signage firm, Powerlink Enterprises, which operates the FASTSIGNS Franchise in Manchester, has secured a funding package from Santander UK through the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) to support the business during the pandemic.

Beginning Monday 18th May 2020, Santander UK has joined forces with The F2 Freestylers and Twinkl to release daily football-themed maths videos and free maths learning materials online for children aged between 5 to 11 years. The Numbers Game campaign aims to harness the transformative power of football to support children’s learning and development of maths skills. This is supported by Twinkl’s fun, active and meaningful maths worksheets and challenges, which are in line with UK curriculums.

•    Funding, provided through Santander Universities, will support university initiatives such as the production of protective equipment for NHS staff, provision of fully funded virtual internships for local businesses, as well as provision of IT equipment for students to support educational challenges 
•    Support follows a broader set of initiatives introduced by Santander UK to support communities in response to the coronavirus outbreak
 

Bespoke uniform creator, Jalin Design, has secured a loan of £250k from Santander UK through the Coronavirus Business Interruption Loan Scheme (CBILS) to support the business through the coronavirus pandemic.

Aqua, an independent family run group of restaurants in the south west of England, has secured £165k funding from Santander UK through the Coronavirus Business Interruption Loan Scheme (CBILS), to support the business during the outbreak.

Dean Packaging, a business based in South Wales, has secured a £20k overdraft facility from Santander UK through the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) to support the business during the pandemic.

RobinsonsFM Limited, a facilities management recruitment specialist, has secured a £500k invoice finance facility from Santander UK to support the business through the Coronavirus pandemic.

From 3 August 2020, Santander will be reducing the in-credit interest rate for its 1I2I3, Select and Private Current Accounts, from 1.00% to 0.6% on balances up to £20,000.

Harley Street Dental Studio, a purpose built multi-disciplinary dental clinic, which provides general and cosmetic dentistry, smile makeovers, orthodontics and dental implants, has secured a finance package from Santander UK and the Government’s Coronavirus Business Interruption Loan Scheme (CBILS).  The seven-figure funding package will support the business, which has had to temporarily close following regulatory advice during the coronavirus pandemic. 

Colchester based business Pallet Plus, which collects and delivers palletised freight and goods in the UK, Ireland and Europe, has agreed a working capital overdraft facility with Santander UK and the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) to support the business during the coronavirus pandemic.

Following the Bank of England Base Rate reductions in March, from 7 July 2020 Santander will be reducing the in-credit interest rate for its 1I2I3 Student Account and changing the way the in-credit interest is tiered on its 1I2I3 Mini Account. Both accounts will also start paying interest on balances below £100. 

Sending money abroad digitally has become a staple for millions of people as globalisation and technology are flourishing. And with our financial needs evolving, Santander aims to innovate and fill in the gaps in international payments through One Pay FX and PagoFX – the international money transfer services that form part of the banking group’s digital ecosystem.

Santander UK has today announced a new range of measures that will provide additional financial support to customers facing financial difficulties as a result of Coronavirus.