Newspaper article The Journal (Newcastle, England)

Bank Aiming to Lure SMEs with Pounds 200m

Newspaper article The Journal (Newcastle, England)

Bank Aiming to Lure SMEs with Pounds 200m

Article excerpt

Byline: John Hill

SANTANDER is looking to attract small to medium businesses with a package of measures designed to boost their growth.

The bank hosted an event in Newcastle yesterday to showcase its Breakthrough programme, which will make pounds 200m available to high-growth businesses with a turnover of up to pounds 10m.

On top of the money, Santander is also providing development opportunities such as international trade missions, visits to successful companies such as Google, and help in attracting and hiring talented graduates.

The Government has contributed pounds 50m to this pool from its Regional Growth Fund.

"One of our major goals is to become the SME bank of choice", said Santander CEO Ana Botin. "The group we're looking to help are the growth champions of Britain. This is where we could offer the most help and have the most impact." Santander held a Breakthrough Live event at Newcastle University Business School to launch the scheme. …

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