Santander and Propel Finance partner on asset finance

Santander UK has announced a new partnership with Propel Finance aimed at expanding access to asset finance for businesses across the United Kingdom.

The collaboration, led by Santander’s Corporate and Commercial Banking division, is designed to support a growing base of SME, mid-sized, and large corporate clients by providing flexible funding solutions for essential business equipment. Through the partnership, customers will be able to finance investments in areas such as plant and machinery, transport, construction, engineering, and technology.

The initiative combines Santander’s relationship-driven banking model with Propel’s specialist asset finance expertise and proprietary technology platform. Clients will benefit from tailored funding solutions delivered through Santander’s relationship managers alongside Propel’s experienced team and digital infrastructure.

The move comes amid strong demand for asset finance in the UK, as businesses increasingly seek competitive and flexible funding options to invest in productivity-enhancing assets and drive long-term growth.

John Baldwin, CEO of Santander Corporate and Commercial Banking, said the partnership strengthens the bank’s ability to support business ambitions:

“We are pleased to be partnering with Propel to offer our clients asset finance-based solutions for their businesses. Growing businesses are crucial to the UK’s economy and asset finance is a key growth enabler, helping firms to invest in equipment and technology through flexible funding options. By combining our relationship-led approach with Prop el’s specialist expertise and technology, we are broadening the support we provide to help our clients achieve their ambitions.”

Mark Catton, CEO of Propel Finance, highlighted the shared vision behind the collaboration:

“This partnership reflects our shared commitment to supporting British businesses with the financial solutions they need to invest, grow and compete. Santander CCB has an outstanding reputation for supporting corporate and commercial customers with local and global banking, and we’re delighted to bring our innovative asset finance proposition to their customer base.”

He added that the agreement represents a strong endorsement of Propel’s capabilities and investment in scalable technology:

“Being chosen by Santander is a brilliant endorsement for the Propel team, our credentials as a leader in UK asset finance, and the investment we have made in our technology platform to enable significant scale.”