Santander Opens 2025 Awards for Early-Stage and Growing UK Businesses

Applications are now open for the 2025 Santander X UK Awards, which provide equity-free financial support to early-stage and scaling businesses. The awards are available in three categories: University, Startup and SME, with a total of nine prizes on offer across the groups.

Funding is intended to help businesses cover costs related to launching or expanding their operations. Cash awards range from £5,000 to £30,000 depending on the category and placement. The top prize in the SME category is £30,000, while University and Startup first-place winners will receive £15,000 and £20,000 respectively.

The University category is open to UK university-linked businesses preparing to enter the market. At least one team member must be a student, graduate (2019 onwards), university employee or be involved in an incubator, accelerator or spin-out. Startups must be legally incorporated in the UK, earn up to £250,000 annually and show evidence of innovation and scalability. SME applicants must be UK-based, legally incorporated and generating over £250,000, with a team of 25 to 250 employees.

Awards are designed to support further development and growth, but no equity is taken from recipients.