Lloyds TSB Enterprise Awards – New Scheme Open for Young Businesses

Lloyds TSB Enterprise Awards – New Scheme Open for Young Businesses
16.11.11

The Lloyds TSB Enterprise Awards will offer students and graduates in England, Scotland and Wales the chance to win up to £50,000.

The aim of the programme is to encourage a culture of young enterprise and support the needs of businesses in their critical early years. Through these awards Lloyds will be searching for the two businesses that it believes stand out amongst the many thousands of existing enterprises. The expectation is that the winners will inspire the entrepreneurs of the future.

 

Two Awards will be made – Best Enterprise and Best Start-up Enterprise business.

 

There are eight initial heats with cash prizes of either £1,000 (Best Start-up) or £5,000 (Best Enterprise) to be won in each heat. National winners will receive either a £10,000 (Best Start-up) or £50,000 (Best Enterprise) cash investment, together with business mentoring to take their business through to the next phase of growth.

 

All prize money must be re-invested into the winning businesses (eg in a marketing campaign, to purchase new vehicles or office equipment for the business).

 

Students aged 18 and above and those who have graduated in the last five years in England, Scotland and Wales may apply. The applicant must have founded or co-founded a business which has been trading for more than a year.

 

The deadline for receipt of applications is 30 January 2012.

 

Click here for links to the relevant website/scheme guidelines and GRANTfinder report (Requires registration)