Win £25,000 to give your Business a Boost (UK)

Simply Business is giving away £25,000 to one lucky entrepreneur who can impress their industry judging panel.

They’re also offering a mentoring session from Baroness Karren Brady CBE for their runner-up – invaluable advice from one of the UK’s top business experts to help grow your business further.

Why Small Businesses Need a BoostSmall businesses are the beating heart of the UK economy, and it’s never been more important to support their success.

They want to boost a small business with a £25,000 grant because:

• small businesses account for 99% of all British businesses and contribute a combined £2 trillion in annual turnover to the UK economy – they need them to bounce back
• 48% say the cost of living crisis is a significant challenge for their business in 2023 – and they want to help
• 27% will have to use personal savings to prop up their business
• UK small businesses are owed up to £32.1 billion in late payments.

What the Judges are Looking for

• Your story
  • Whether you’re a seasoned business owner or your journey’s just starting – they’d like to hear your story. Your trials, your triumphs, and everything in between. What inspired you to go it alone?
• A big dream
  • Small businesses are built on big dreams – so what’s yours? At Simply Business, they pride themselves on enabling big dreams, and they want their £25,000 Business Boost to make a real difference.
• Positive social impact
  • As an accredited B Corp, they believe that businesses should be a force for good. From improving diversity and inclusion in your field or community, to how you impact the world around you – they’re looking to hear about the ways your business contributes positively to society.
• Innovation
  • Innovation comes in many shapes and sizes. For some, it could mean cutting-edge technology. But for others, it might mean the creativity needed to turn a hobby into a business. What sets you and your business idea apart from the competition?
• A thought-out plan
  • They’d like to understand your plan – how will you use the £25,000 to boost your business?

Eligibility Criteria

• The Promotion is open to all budding entrepreneurs and/or United Kingdom registered companies which fit the following criteria being:
  • the company must be set up and actively trading, and will preferably be registered as a company in the UK;
  • the company must have a business bank account that is not used for personal expenditure;
  • the company must not have received more than £50,000 (aggregate) of private funding in the past two years of trading; and
  • the company must not have an annual turnover exceeding £750,000;
  • Companies that do not yet exist (i.e. are not actively trading or that do not own any assets or have a business bank account) will not be considered. You acknowledge and accept that they may ask you to provide evidence of your eligibility for the Promotion, as well as making use of publicly available information regarding your company.

For more information, visit Simply Business.