The World's Helpful Bank? Surely this must be a typo…

Think you’re a budding entrepreneur? Want to be the next Dragon? Lloyds Banking Group's commitment to helping entrepreneurial students start and grow businesses, aims to support thousands of student businesses across the country. They are inviting plucky students to submit their businesses into a competition, which would see the winner scoop a £50,000 prize! This would obviously pay for many nights out and late-night Dominos, yet, rather more importantly it could give your fledging business just the boost it needs.

In order to apply, you need to be a current student or have graduated within 5 years and have run your company for at least a year. Of course, like with most things, you will also need to be 18 or over to apply.

There are two awards on offer, the ‘Best Start Up’ and the ‘Best Enterprise’. Should you get through your initial heat, you will be awarded a cash prizes of £1,000 for ‘Best Start Up’ and £5,000 for ‘Best Enterprise’ and will be automatically entered for the national final. The overall winner of ‘Best Start Up’ will be awarded £10,000, whilst the winner of ‘Best Enterprise’ will be awarded a cash prize of £50,000! Moreover, should you win either competition, you will be entitled to a two year mentoring program, which will give you access to senior members of the Lloyds Bank.

The deadline for award Nominations is 31^st January. Want to apply? Apply online by visiting Lloyds TSB - Enterprise Awards. What better way to kick start your business idea! For more of the same, please follow my blog.