Monday 26th June 2017
SANTANDER AND CROWDFUNDER RENEW INNOVATIVE PARTNERSHIP
- Santander UK will provide £200,000 additional funding for social enterprises and community projects across the UK following successful pilot
- The new scheme supported 33 organisations with funding of up to £10,000 per project
Santander is renewing its innovative partnership with Crowdfunder to provide additional funding for social enterprises and community projects across the UK.
The bank has allocated an additional £200,000 to a second phase of the Santander Changemaker Fund following a successful pilot. Projects looking to support social change and who meet the criteria can present their ideas on the Crowdfunder website and unlock matched funding if the crowd support their ideas.
The Changemaker Fund is open to social enterprises, small charities and community groups that help disadvantaged people in the UK. Eligible projects seeking funds of up to £20,000 and focus on skills, knowledge and innovation that get the crowd’s backing will receive 50% of their funding requirement from Santander.
The Fund has provided nearly £200,000 to 33 projects to date, supporting projects all over the UK. Successful projects have included Change Please in London, which provides training for homeless people to become baristas, Chocolate Worx, a chocolate-maker in Devon that employs disabled people, and Curiosity Café, which builds confidence for dementia-sufferers in Northumberland.
Phil Geraghty, MD of Crowdfunder said: “We have seen an incredible interest in the Changemaker Fund on our platform and are thrilled to be able to continue the partnership with Santander. We hope to help innovative businesses make great things happen, and this additional funding contributes a great deal towards that aim and opens up powerful opportunities between the banking sector and the next generation of ‘changemakers’.”
Sue Douthwaite, Managing Director of Santander Business Banking, commented: “At Santander supporting the communities in which we operate is integral to our purpose to help people and businesses prosper. The Changemaker Fund has helped bring some great ideas to life and enabled social enterprises and community ventures to grow. We are delighted to announce we are continuing our partnership with Crowdfunder and hope the extra funding will make a difference to even more lives across the UK.”
The Changemaker Fund, www.crowdfunder.co.uk/changemaker, is part of Santander’s flagship community programme, The Discovery Project, which aims to inspire people to have confidence in the future through projects that build skills, grow knowledge and support innovation. By working together with Crowdfunder on the fund, Santander aims to enable entrepreneurs and community groups to tackle social challenges and create positive local impact.
As well as access to the £200,000 matched funding from Santander, projects will benefit from the Crowdfunding team specialists with education, enterprise and coaching support to unlock the further funds and create lasting impacts in communities across the UK.
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Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. It has brought real competition to the UK, through its innovative products for retail customers and relationship banking model for UK SMEs. At 31 December 2016, the bank serves around 14 million active customers with c20,000 employees and operates through 841 branches (which includes 60 university branches) and 67 regional Corporate Business Centres. 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 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, headquartered in Spain, with a meaningful market share in 10 core countries in Europe and the Americas. It is among the world’s top banks by market capitalization. The bank’s purpose is to help people and businesses prosper, in a way that is simple, personal and fair. Founded in 1857, Santander had EUR 1.52 trillion in managed funds, 125 million customers, 12,200 branches and 188,000 employees at the close of 2016. Santander made attributable profit of EUR 6,204 million in 2016, an increase of 4% compared to the previous year.