Cash accelerates campaign

A GRIMSBY Telegraph- backed campaign to support local entrepreneurs has been boosted by a £10,000 cash prize.

The Local Business Accelerators competition, which was launched in the Telegraph earlier this month, has seen more than 500 newspapers across the UK join forces to deliver a £15 million boost to local businesses.

Firms between one and five years old can enter for the chance to win a free advertising campaign in the Telegraph and support from local business mentors.

The most promising businesses will then go forward into the national competition for a chance to win a year's mentoring from Dragon's Den star Deborah Meaden and an advertising campaign by a top London agency.

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Now a cash sum of £10,000 has been added to the overall national winner's prize package as part of Local Business Accelerators from the Newspaper Society.

The money will be provided by the Business Growth Fund (BGF), an independent business established to help the UK's fast-growing smaller and medium sized businesses.

BGF chief executive Stephen Welton said: "Local Business Accelerators is an excellent initiative by the local press industry that 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 winners among our investee companies in the future."

The competition, which is supported by the Government, with the backing of the Prime Minister, is also endorsed by other senior national figures, and private sector's Business In You Campaign.

Last year's local competition was won by Grimsby-based Crystal Venue Decoration, ahead of runners-up Richard Ellis Ltd and The Handyman.

All three businesses benefited from expert mentoring and free advertising in the Grimsby Telegraph.

To enter the competition visit www.accelerateme.co.uk.

The deadline for entries is Friday, November 16.