CodeBase, Europe’s fastest-growing tech incubator, is to lease an additional 10,000 sq ft of space at Argyle House in Edinburgh, supported by £100,000 in funding from Santander Corporate & Commercial.
Opened in March 2014, CodeBase is already the fastest growing incubator in Europe, with the mission to build and scale the next great tech companies. CodeBase is currently home to 40 start-ups, who collectively raised over £16 million in 2013.
The funding from Santander Corporate & Commercial will help CodeBase to further expand at its city centre location, where demand from start-up companies has already seen CodeBase take an extra floor’s space during Q3 2014.
In a strengthening of its partnership, several CodeBase start-ups have taken on interns through the Santander Universities Internship programme. The programme aims to promote the benefits of working for an SME to third-year or recently graduated students, while providing smaller businesses with access to talented interns whose salaries are part funded by Santander for the first three months.
Jamie Coleman, CEO and founder of CodeBase, said: “The Santander team has been fully supportive as we expand the space available for some of the exciting start-ups who have decided to make their home in Edinburgh. As well as helping to fund our next phase of growth, the Santander Universities Internship programme has helped many of the companies in Argyle House to recruit university students and graduates for three-month internships, and also provided support by part funding the interns’ salaries.”
Chris Green, Relationship Director, Santander Corporate & Commercial, said: “It has been a pleasure to work with Jamie and the management team at CodeBase to support its continued growth. CodeBase is expanding at a rapid pace, experiencing outstanding success and spearheading Scotland’s role in the digital economy. We are delighted to also help support the growth of several CodeBase start-ups through our innovative Santander Universities Internship programme.”
The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to editors
For CodeBase media enquiries please contact Jamie Coleman on 0131 560 2003
For Santander Corporate & Commercial media enquiries, please contact:
Siobhan O’Shea 020 7756 4189 Mobile: 07789 651 947
Kelly Young 020 7756 4230 Mobile: 07595 403 670
The Santander Corporate & Commercial press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 5877708.
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