£10k prize added to busines competition pot

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A HARTLEPOOL Mail-backed business competition just got even better with a £10,000 prize added to the national pot.

Firms have just been given an extra incentive to enter this year’s Local Business Accelerators competition.

The eventual national winner will receive a £10,000 cash sum thanks to a donation from the Business Growth Fund (BGF), an independent business established to help the UK’s fast growing smaller and medium sized businesses.

That’s on top of the other prizes of a year’s mentoring from the campaign’s ambassador, Deborah Meaden, and a local advertising campaign devised by a top London creative ad agency.

BGF chief executive Stephen Welton said: “Local Business Accelerators is an excellent initiative by the local press industry which recognises and rewards the most promising young businesses. It is a much needed boost to UK entrepreneurship.

“On behalf of BGF, I am delighted to be able to make this contribution to the overall LBA prize pot and we certainly hope to see to some LBA winners among our investee companies in the future.”

News of the prize comes as the Hartlepool Mail was highlighted by the campaign organisers The Newspaper Society for its LBA coverage so far.

We launched this year’s contest last week with two pages of coverage as well as a QR code, which allows mobile phone users to scan the code and be taken instantly to the LBA hub.

More than young 400 businesses, including early entrants from the Hartlepool area, have already submitted themselves for the competition, well in advance of the deadline of November 16.

Entries continue to pour in to the 500 participating daily and weekly newspapers across the UK.

Local Business Accelerators is a campaign run by the local press industry to boost promising young businesses and highlight the powerful effect of local media advertising for these businesses. It is organised by the Newspaper Society – the voice of local media – and supported by the Government and private sector’s Business in You campaign.

You can follow LBA on Twitter @acceleratelocal.

Businesses aged between one and five years can enter the competition in the Hartlepool Mail and the Peterlee Star.

They can do so via the LBA hub which can be found at www.accelerateme.co.uk

They must register before the closing date of Friday, November 16.

Once you visit, www.accelerateme.co.uk, fill out the online form to enter LBA.