COUNTDOWN BEGINS FOR STUDENT AND GRADUATE ENTREPRENEURS TO WIN £50,000 PRIZE
Student and graduate business owners urged to enter Lloyds TSB Enterprise Awards
Final date for entries, 31st January, is fast approaching
Overall winner set to win £50,000 cash prize to invest in their business and comprehensive business mentoring programme
Competition is open to businesses across England, Scotland and Wales
Entrepreneurs across Britain are being urged to enter the race to find the country’s best University student and graduate businesses, and compete for a £50,000 investment and mentoring prize, through the Lloyds TSB Enterprise Awards.
Nominations for the Awards are set to close on 31st January, meaning that potential entrants have just over three weeks to complete their applications. Anyone wanting to enter can apply online by visiting www.lloydstsb.com/enterpriseawards and applications will then be shortlisted and then considered by a judging panel in one of eight finals across England, Scotland and Wales, during March - and in a grand final in April in Edgbaston, Birmingham.
The Awards, now in their second year, are part of Lloyds Banking Group’s commitment to start ups and growth firms and aims to support the estimated 55,000 student businesses across Britain, that are striving to make their mark. The Awards are open to current students or recent university graduates (within the past five years) across England, Scotland or Wales who have run a business for at least one year and are over the age of 18.
All entrants will be considered for two titles - Best Start Up, which will be awarded to a business in its early stages, and Best Enterprise which will be awarded to the business judged to show real potential to grow over the next five years and become a recognised SME within its respective sector.
All winners of the initial heats will be awarded cash prizes of £1,000 for Best Start Up and £5,000 for Best Enterprise and will be automatically entered for the national final. Overall winners last year included YASA Motors Limited, an Oxfordshire-based manufacturer of high performance electric motors for electric and hybrid cars and KwickScreen, a London-based manufacturer of portable retractable screens and room dividers.
The overall winner of Best Start up will be awarded a cash prize of £10,000 and the winner of Best Enterprise will be awarded a cash prize of £50,000.
Alongside the cash award, all 16 regional and national winners will receive a comprehensive two-year mentoring programme, involving senior executives from Lloyds Banking Group. This is designed to provide coaching and support on critical business issues such as planning and finance. Each of the winners will also receive free legal advice with an independent specialist law firm.
David Oldfield, Managing Director, SME and Mid Market Banking, for Lloyds Banking Group said: "The first Lloyds TSB Enterprise Awards were a real success, and with the mentoring support from the prize package, we’ve stayed in contact with previous winners to provide the right guidance as they make their next steps in planning for their businesses.
"We want to assist students and graduates who have the focus and determination to succeed as their businesses begin to grow and these Awards celebrate the great entrepreneurial spirit amongst the student and graduate community. We look forward to meeting with the entrants and hearing about their expansion plans.”
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