Santander and Crowdfunder renew partnership to boost UK social enterprises

Social enterprises, charities and community groups helping disadvantaged people in the UK can access up to £20,000, alongside specialist support

Social enterprises and community projects across the UK will now have access to additional financial support, as Santander renews its partnership with crowdfunding platform Crowdfunder.

The second phase of the Santander Changemaker Fund will make another £200,000 available to social enterprises, small charities and community groups that help disadvantaged people in the UK.

Eligible projects seeking up to £20,000 can present their ideas in the Crowdfunder website and receive 50% of their funding requirement from Santander. They will also receive education, enterprise and coaching support from specialists to help unlock further funds.

To date, Santander Changemaker Fund has backed 33 projects to the tune of £200,000, including Change Please in London, which trains homeless people to become baristas; Chocolate Worx, a devon-based chocolate-maker that employs disabled people; and Curiosity Café, which helps dementia-sufferers in Northumberland build confidence.

The fund is aiming to help entrepreneurs and community groups take on social challenges and have a positive impact in their local area.

Phil Geraghty, managing director of Crowdfunder, said: “We have seen an incredible interest in the Changemaker Fund on our platform and are thrilled to be able to continue the partnership with Santander.

“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’.” 

Sue Douthwaite, managing director of Santander Business Banking, commented: “The Changemaker Fund has helped bring some great ideas to life and enabled social enterprises and community ventures to grow.

“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 across the UK.”

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