Santander have increased their support for LSE students through scholarships, mobility support and internships as part of their Hopes and Dreams higher education campaign. On top of existing support for LSE over the last six academic years, Santander have pledged an additional £46,400 towards mobility support awards, scholarships for postgraduate or undergraduate study, and three-month internships for students and recent graduates with small to medium-sized enterprises (SMEs).
Four mobility grants, worth a total of £8,000, will be awarded to aid the research of students or staff, either within the UK or overseas. This will be complemented by two scholarships of £4,200 for postgraduate or undergraduate students from Iberamerican countries, with £30,000 being provided for 20 internships.
Santander internships give students and recent graduates the opportunity to work in innovative start-ups and SMEs for a period of three months. This allows participants to gain direct exposure to the business, often working closely with the CEO or founder, developing useful skills for future employment. The latest funding from Santander follows a first round of 12 internships with SMEs for LSE students during the 2013/13.
This latest support from Santander forms part of their Hopes and Dreams campaign, which will see Santander Universities Global Division give £32million to UK universities over the next three years through 2,000 scholarships, 2,000 mobility grants and 1,500 internships. It was announced at the fifth Santander Universities UK Vice-Chancellors meeting in London, attended by the Minister for Universities and Science, David Willetts and President of Banco Santander, Emilio Botín.
Since first supporting the School philanthropically in 2007, Santander have given over £750,000 to LSE, enabling the awarding of 63 scholarships of up to £5,000 each, as well as providing more than 60 research travel grants to students and staff in over 20 academic departments and research centres. In addition Santander have helped to fund the Entrepreneurship Masterclass Series for the last six academic years. This is a series of workshops and lectures designed to educate students about the practice of starting up a business, with over 1,200 students attending in the last five years.