Students, entrepreneurs and researchers to benefit from Santander partnership
The University of Salford has signed a partnership agreement with global banking group Santander which will provide funding for overseas scholarships and support for student entrepreneurs.
The partnership announced on Tuesday 23 July is worth more than £50,000 per year for the next three years, and will include 15 annual scholarships enabling students and researchers to study at partner institutions in the Santander Universities network in the UK and abroad. Santander has donated an additional £28,000 for the first year to go towards a range of projects, including financing 10 Salford students to carry out UK and international internships with potential new business partners of local small businesses.
The scheme will also fund support for student and staff entrepreneurship and social business activities, such as ‘incubator’ spaces for the development of new business ideas and ‘pitching’ events and competitions.
Salford is the latest member of the Santander Universities network, which now incorporates 67 UK universities and more than 1,000 academic institutions from Latin America, Asia and Europe. In addition to financial support, membership of Santander Universities provides collaboration opportunities and encourages interaction and partnerships between member institutions.
Luis Juste, Director of Santander Universities UK, said: "We are very pleased to be signing this long-term support agreement with the University of Salford, and we welcome the University into our global network of university partners.
"We are looking forward to working together in promoting international mobility, supporting enterprise and entrepreneurship and to be able to contribute to the University’s excellent work within social business and the local community.”
University Vice-Chancellor, Professor Martin Hall, said: "This initiative will benefit our students, employees and the local and international community in so many ways. The funding boost will enable a range of scholarships and initiatives to come to fruition to support our new strategy for the future, and we are proud to be joining this growing community of UK and international universities. This will facilitate important and exciting new international opportunities for our students and our academic staff.”
The agreement will also involve the opening of a Santander Bank branch on the University’s Peel Park campus in September.
FIND US ON FACEBOOK