# Bank of Scotland launches £35 million Entrepreneur Challenge

- Link: https://fundraising.co.uk/2008/02/13/bank-scotland-launches-35-million-entrepreneur-challenge/
- Published: 2008-02-13T16:16:29+00:00
- Author: Howard Lake

**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.

## Advertisement

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

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