Santander Corporate & Commercial is making an additional £50m of funding available to manufacturing businesses in Humber, to support local SMEs who want to capitalise on strong growth and investment in the region.
Siemens announced in March it will be investing £160m in wind turbine production and installation facilities in Yorkshire, news which has been welcomed by local manufacturers who are focused on potential supply chain growth opportunities.
Santander Corporate & Commercial lent £20m to local businesses in the Humber region in 2013 and continues to focus on growing its local relationship banking. Santander has been a consistent supporter of businesses across the UK, with lending over the last four years growing by an average of 20 per cent per year.
In addition to making £50m of additional funding available, the bank has also set up a dedicated helpline for businesses in the region who want to talk to Santander Corporate & Commercial about how they can grow their business and capitalise on growth in the region. The number is 05511 477407.
Santander Corporate & Commercial opened its first Corporate Business Centre in the Humber region in 2010 in Hull city centre and continues to support business in the area. It has built a strong customer base in the region, which is an important focus for growth for the bank in 2014 and beyond.
Jonathan Thompson, regional director for South Yorkshire and the Humber at Santander Corporate & Commercial, said:
“The Humber region has long been home to businesses which are characterised by their innovation and aspiration and we are delighted to support the ongoing investment in the region with £50m of additional funding for local manufacturers.
“Manufacturing is a key cornerstone of the local economy and employment, and our Humber team are committed to supporting businesses in the region and helping them achieve their ambitions.”
Santander is an official partner for the first International Festival for Business (IFB), which opened on Monday 9 June in Liverpool.
IFB2014 is a 50 day showcase for British industries and sectors and is designed to help connect UK businesses to new markets, new products and new international partners.