Funding helps university to keep aiming high

Lancaster University

Lancaster University

Established by royal charter in 1964, Lancaster University has over 18,000 students and employs in excess of 2,600 staff members. The campus occupies a beautiful 560-acre parkland site and is one of a few universities in the UK to have a collegiate system.

As a result of the pandemic, Lancaster University had to adapt and make changes to continue operating effectively.

With research projects delayed and the pivot to deliver courses remotely as well as on site, the university had to plan for a potential fall in revenues with significantly fewer students on site and in accommodation.

Over a number of years Santander has fostered a constructive and supportive relationship with the University, genuinely getting to know us and our business cycle. Since the beginning of the relationship, all our engagements with them have felt more than just corporate or transactional.

Sarah Randall-Paley

Director of Finance, Lancaster University

The funding provided by Santander allowed them to ease the financial implications and continue to execute their strategy to become a leader in higher education through research, teaching and engagement.

Lancaster University is a longstanding and valued customer.

Our strong relationship meant that as the financial impact of the pandemic became clear, they were able to raise their concerns and issues with us at an early stage.

We were able to work with them in assessing these challenges, helping implement the most appropriate strategy to meet their financing needs.

Gareth Jones

Sector Head, Santander