Bank of Scotland launches £35 million Entrepreneur Challenge
Howard Lake | 13 February 2008 | News
The Bank of Scotland Corporate is offering £35 million interest free investment to UK entrepreneurs in its 2008 Entrepreneur Challenge, in partnership with The Sunday Times. The Challenge is open to every type of company, including charities, except property companies.
The Challenge is designed to stimulate and support entrepreneurial spirit and will take place across seven regions throughout the UK. The winning entrepreneur from each region will receive a funding package of up to £5 million, free of interest and arrangement fees for a period of three years, allowing each company to transform their entrepreneurial spirit into concrete business plans.
Each of the seven regions will have its own individual judging panel, made up of a number of the country’s most successful entrepreneurs. This star selection includes Audrey Baxter, Chairman and Chief Executive of Baxters Food Group, John Madejski, owner of Reading Football Club, Ardeshir Naghshineh from the Targetfollow Group, and Bill Muirhead, Executive Director of M&C Saatchi.
Applications are invited from established businesses with a turnover of at least £2 million per annum and at least two years sustained growth in sales, revenue or profit. Applicants must be based in the UK, operate in a substantial UK or global market and “be driven by a highly motivated and able management team”.
The closing date for entries is 19 May 2008.
www.theboschallenge.co.uk
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.