Get Funded

Social enterprisesto benefit from renewed Santander fund partnership

Fred Heritage | 26 June 2017 | 7 years ago

The Santander Changemaker Fund has supported 33 projects so far
The Santander Changemaker Fund has supported 33 projects so far
High street lender Santander is renewing its partnership with Crowdfunder, a crowdfunding platform, with a second phase of funding for the Santander Changemaker Fund, its scheme for social enterprises and community-based projects in the UK.

The bank has allocated an additional 200, 000 to the Santander fund following its successful pilot, which supported and promoted various projects around the country encouraging social change.

Project leaders and coordinators who meet the criteria of the Santander Changemaker Fund are able to submit their ideas for a social enterprise to the Crowdfunder platform, unlocking matched funding if their ideas receive backing from the crowd.

Eligible projects seeking up to 20, 000, which focus on skills, training and innovation, and which gain the support of the crowd, will receive 50 per cent of their funding requirement from Santander, the bank has pledged.

The Santander fund is open to social enterprises, small charities and community groups throughout Britain that help disadvantaged people. As well as capital from the bank, successful projects can also expect to benefit from enterprise education and training from Crowdfunder.

Commenting on the partnership, Crowdfunder’s managing director, Phil Geraghty, said: 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.

we have seen an incredible interest in the fund on our platform and are thrilled to be able to continue the partnership with Santander.

To date, the Santander fund has supported 33 different projects with almost 200, 000. Successful enterprises have so far included Change Please, a London-based scheme training homeless people to be baristas, Curiosity Caf, an enterprise improving the lives of dementia sufferers in Northumberland, and Chocolate Worx, a chocolatier employing disabled workers in Devon.

By partnering with Crowdfunder, the bank has said its Santander fund will give entrepreneurs and community groups the chance to tackle serious social challenges at the local level across the UK.

The Managing Director of Santander Business Banking, Sue Douthwaite, said: 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.

at Santander, supporting the communities in which we operate is integral to our purpose to help people and businesses prosper. The Santander Changemaker Fund has helped bring some great ideas to life and enabled social enterprises and community ventures to grow.

Atom Bank secures 30m British Business Bank boost

Topic

Get Funded

Related Topics

A Guide to Government Grants for Small Businesses
2 June 2023

A Guide to Government Grants for Small Businesses

Read More →
What is Structured Finance?
4 April 2023

What is Structured Finance?

Read More →
How to Get a Business Loan
22 November 2022

How to Get a Business Loan

Read More →
What Are Bridging Loans?
16 November 2022

What Are Bridging Loans?

Read More →
How to Finance a Property Development
7 November 2022

How to Finance a Property Development

Read More →
Everything you need to know about bridging loans for business owners
29 August 2019

Everything you need to know about bridging loans for business owners

Read More →

If you enjoy reading our articles,
why not sign up for our newsletter?

We commit to just delivering high-quality material that is specially crafted for our audience.

Join Our Newsletter