Final call for young entrepreneurs to apply for Lloyds Bank Enterprise Awards 2014

Entries close tomorrow with £50,000 prize package and two year mentoring scheme on offer

Student and graduate entrepreneurs have until tomorrow night to apply for the 2014 Lloyds Bank Enterprise Awards, a national competition designed to reward the countries “best young entrepreneurial talent”.

Now in its third year, the awards looks to identify budding student and graduate business owners who show drive, dedication, and commitment, and has a range of prize packages on offer including up to £50,000 cash for the overall winners, and up to £5,000 investments for finalists in the initial heat stages.

Two year mentoring schemes, PR coverage, and free legal advice from law firm LawNet, is also available to help support and develop “business ambitions”.

Entrants can apply to be considered for the ‘Best Enterprise’ award and ‘Best Start-up’ award which were respectively won by Chris Baker-Brian of BBOXX, and Ross Kemp of ASAP Water Crafts, last year.

There is also a new award for 2014, ‘Best Digital’, which seeks to recognise entrepreneurs who have demonstrated the value of digital, and will give the winner time with leading digital marketing experts to work to improve their business.

The awards are open to those aged 18 or over who have founded or co-founded their own business and are either a student, or have graduated within the last five years.

Entrants must have been trading for at least one year and must be based in England or Wales, with a separate awards, the Bank of Scotland Enterprise Awards, for businesses based in Scotland.

Businesses will be judged by a panel of public figures, local industry leaders, and senior members from Lloyds Banking Group, and will be judged on the inspiration behind the idea, innovation, how different it is to other business in the market, growth potential, and success to date.

Five heats will be held at locations across the country for businesses based in the North, London and South East, Central, South West & Wales, and Scotland.

Winners from these five regional heats will then compete at a grand final held at Edgbaston Cricket Club on October 15.

Lloyds Bank small business and mid markets banking managing director, Tim Hinton, commented:

“The Enterprise Awards set out to recognise the hotbed of entrepreneurial talent in our universities and to ensure that we can continue to inspire and support others. The diverse range of ideas that we’ve seen across a variety of sectors proves that there is no shortage of people wanting to start their own businesses.

“The awards consist not only of cash investments, but also valuable guidance from our business experts and mentors. Previous winners have gone from strength to strength, using the awards as a springboard to raise their profile and attract new customers. Our contribution to the Enterprise Awards complements our plan to Help Britain Prosper via support for UK start-ups and nurturing talent from our universities.”

Applications for the Lloyds Bank Enterprise Awards close at 23:59 on July 23, to enter click here.

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