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Abbey and LSE announce partnership

Howard Lake | 29 April 2007 | News

The London School of Economics and Political Science (‘LSE’) is to partner with Abbey, part of the Santander Group. The financial group has pledged to provide the School with financial support for international scholarships, travel research awards, extra-curricular training for excellence in entrepreneurship, assistance in networking and support in working together to explore introducing smart card technology.

LSE is one of the first UK universities to work with the Santander Group, whose ‘Santander Universities’ scheme already supports over 500 universities across Spain, Portugal and Latin America. This scheme
establishes various spheres of collaboration including teaching and research, international cooperation, transfer of knowledge and technology, and new technologies. From 1996 to 2006, Santander distributed ‚€400 million via this programme.

The agreement will provide support for extra-curricular training in “excellence in entrepreneurship” through the LSE Careers Service; scholarships for postgraduate students from countries in the Santander Universities scheme to study at LSE; and travel scholarships for LSE students and staff to study or research in one of the ten countries within Santander’s network.

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In addition, the Santander Group will support LSE in working together to explore introducing smart cards for the university community and in forging links with universities, government and academic institutions involved in the Santander Universities network.

LSE Director Howard Davies and António Horta-Osório, Chief Executive of Abbey, signed the agreement in the presence of Abbey Chairman Lord Burns and LSE Director of Finance, Andrew Farrell.

Howard Davies said: “This agreement with Abbey is a significant one for us. It not only provides financial assistance enabling more students from the countries in the Santander network to attend LSE, but also celebrates student entrepreneurial dynamism and offers opportunities for staff and students to gain experience living and studying in the Iberian Peninsula and Latin America.”

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