Finance · 4 October 2016

Social enterprises to benefit from landmark Santander partnership

santander
The Changemaker Fund will see Santander provide eligible projects with funding of up to 10, 000
In the first ever partnership deal between a popular UK bank and an equity crowdfunding site, Santander UK and Crowdfunder have joined forces to offer greater support to charities and social enterprises.

The so-called Changemaker Fund will see the two finance providers collaborate to help disadvantaged people, offering eligible UK charities and social enterprises those seeking funding of up to 20, 000 with 50 per cent of their capital requirement.

The partnership will provide successful applicants funding of up to 10, 000, as well as access to education, enterprise and coaching support from Crowdfunder’s team of specialists.

In a statement, Crowdfunder’s managing director, Phil Geraghty, spoke of the long term economic impacts? that the new partnership would create.

He said: The new partnership between Crowdfunder and Santander is a key milestone for the crowdfunding industry opening up powerful networks and opportunities between the banking sector and the next generation of changemakers.


 
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Praseeda Nair is the editorial director of Business Advice, and its sister publication for growing businesses, Real Business. She's an impassioned advocate for women in leadership, and likes to profile business owners, advisors and experts in the field of entrepreneurship and management.

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