£10,000 added to business competition prize pot

Young firms across Beds, Herts and Bucks have another massive reason to enter the Local Business Accelerators competition.

By The Newsroom
Monday, 15th October 2012, 6:00 pm

The Business Growth Fund (BGF), an independent company established to help the UK’s fast growing smaller and medium sized firms, has added a £10,000 cash sum to the prize package for the overall national winner.

BGF chief executive Stephen Welton said: “Local Business Accelerators is an excellent initiative by the local press industry which recognises and rewards the most promising young businesses. It is a much needed boost to UK entrepreneurship.”

BGF’s contribution means the prize pot for the overall LBA winning business now consists of a year’s mentoring from the campaign’s ambassador and Dragon’s Den star Deborah Meaden, a local advertising campaign devised by a top London creative ad agency as well as the £10,000 cash prize. Local winners will also receive a free advertising and mentoring package.

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LBA, which is aimed at businesses aged between one and five years, is supported by the government and private sector’s Business in You campaign.

More than young 400 businesses have already entered the competition, well in advance of the deadline of November 16.

To enter the competition, visit www.accelerateme.co.uk and use the drop down menu to choose your local newspaper area. You can also click on the link above.