The University of Lincoln has secured £150,000 which could help fund internships to local small and medium sized businesses.
The university has signed an agreement with Santander Universities Division, which will provide £150,000 of funding over the next three years.
Three key themes will be supported: scholarships, entrepreneurship, and travel grants to develop research and collaboration with global partners. It will also help to deliver a new programme of internships.
Since launching in 1996, the scheme has donated more than €1 billion to universities across more than 20 countries.
Professor Mary Stuart, Vice Chancellor of the University of Lincoln, said: “We are delighted to extend our strategic partnership as a proud member of Santander Universities Division for a further three years.
“This relationship creates new opportunities and gives students the chance to develop their CVs and gain valuable workplace experience.”
Support for the university’s internship programme has helped to place talented graduates in local SMEs across a range of industries with many going onto be offered permanent positions.
Lincoln-based digital marketing agency DBS Internet Marketing have previously used the scheme, which has enabled them to take on new staff without financial risk.
Director David Clarke said: “Hiring team members can be a risky process for a small businesses. With a head count of eight it hurts if DBS makes a hiring error.
“A traditional two part interview doesn’t really give us enough time to assess whether a candidate has the skill sets listed on their CV or let us see if they fit into our team.
“The internship has proved to be very beneficial for DBS because it let us have a really good look at Amy over a three month period. It eliminates the scenario of a candidate who interviews really well but then disappoints a few weeks down the road when it’s too late.
“We work closely with Lincoln University and have been grateful to Santander for their contribution to the internship. It’s been a win-win situation.”
Amy Wallis, who has taken on the internship at DBS, said: “The internship scheme has been a great opportunity for me. It’s so difficult to get a job nowadays and the scheme has allowed me to get my foot through the door of a successful company like DBS.
“When I was at university I knew that marketing was my desired career path, but now being in the role, this has been further cemented.
“I would recommend the scheme to anyone. The registration process is quick and easy and there’s vast choice in regards to the different industries and roles that are available.
“The commercial experience gained is invaluable, It’s great that it creates a link between students and the commercial world, strengthening academic and industry connections.”