Santander paying £25,000 grants to customers and you can 'apply now'

Santander UK and Oxentia have launched an annual entrepreneurship competition, as demand for support among aspiring UK businesses grows year-on-year. Applications for the Santander X UK Awards 2024 are now open as applicants can get grants in the scheme's 14th year.

Santander’s annual entrepreneurship awards have provided over £1 million in funding and business support to thousands of UK businesses to date. The programme has two categories: University (for new businesses looking to launch) and Startup (for growing businesses ready to scale).

100 businesses will be shortlisted by 6 September. The shortlisted businesses will be invited to join a series of online expert-led pitch workshops and receive one-to-one and group coaching. All 100 businesses will then pitch through a series of online and in-person heats to select 12 finalists (six per category).

READ MORE Brits in Spain and Portugal told to prepare for 'dramatic' shift starting today

The six winners (three per category) will receive up to £25,000 funding and go forward to represent the UK in the Santander X Global Awards. Mike Regnier, CEO, Santander UK said: “It brings me great excitement to announce the launch of the Santander X UK Awards for the 14th year. It’s clear there is a growing demand for support among early-stage start-ups, and we are committed to supporting these entrepreneurs and helping to remove the barriers they face when starting out.

“The Awards offer ambitious entrepreneurs business support, networking opportunities and the chance to win vital funding to help take their business to the next level. So, if your business is disruptive and innovative with the ability to scale, look no further and apply for the Santander X UK Awards 2024 today.”

Hanan Tantush, Founder of Intotum and Santander X UK Awards 2023 (University) winner said: "Winning the Santander X UK Awards has been instrumental in propelling Intotum, my adaptive clothing business forward. They’ve provided a platform to amplify our mission of creating positive change for the disabled community.

The Santander X Awards foster a culture where entrepreneurship meets social responsibility, ultimately reshaping the business landscape for the better. As a judge for the final this year, I can’t wait to hear from this year’s entries and am excited to play a role in supporting the next change makers in the business community."