Funding news - 11/03/2010
Big Prize For Small Businesses
The UK’s best small firms have the chance to scoop 50,000 Nectar Points – along with a £2,000 cash prize – by entering an annual competition.
This year’s Nectar Business Small Business Awards are open to entries.
The contest, which is backed by Dragons’ Den star James Caan, aims to “celebrate business success” and “recognise the dedication and hard work” of small firms.
Prize packages made up of 50,000 Nectar Points, £2,000 cash and £2,000 credit at office suppliers Viking Direct are up for grabs in the following categories:
- Small Business of the Year:
- A business that employs no more than 50 staff.
- Have been trading for longer than two years.
- Have a maximum annual turnover of £9m.
- Entrepreneur of the Year:
- Be an individual(s) who has assumed the risk, organised and managed their own business.
- Run a business with a maximum of 250 employees.
- Be able to demonstrate net profit figures for the last business year.
- Contribution to the Community Award:
- Be a small business or social enterprise that meets the same eligibility criteria as the Small Business of the Year category.
- Be a business whose product or service is sold/supplied with the aim of making a positive contribution to the community it serves.
- Be able to demonstrate how their business or enterprise serves the community.
- Online Business of the Year:
- Be able to demonstrate how innovative use of the internet has boosted sales or grown the business.
- Be able to demonstrate that the percentage sales figures achieved via the company's website is 70% or more.
- Be able to submit figures to demonstrate the number of unique users per month.
Inviting entries to this year’s competition, Charlie Humphreys, client development director at Nectar Business, said:
“Running a successful small business in the midst of a recession is no mean feat, which is why at Nectar Business we want to reward the exceptional achievements of the companies that have done this.”
Entries must be submitted by 31 May 2010. A panel of experts will choose the big winners, apart from the Contribution to the Community Award category, which will be decided by a public vote.
For further information about the competition, visit the Nectar Business website (opens a new window)
Source: Nectar Business, 10/03/2010
