Rewarding enterprise

Enterprise Awards for top young entrepreneurs

Britain’s top student and graduate entrepreneurs competed in the Lloyds Bank and Bank of Scotland Enterprise Awards Grand Final on Wednesday 15 October, which celebrate and recognise the budding businesses of tomorrow.

The fifteen finalists gave a pitch for 3 minutes and answered questions from a panel of five judges. Each business had to demonstrate what sets the company apart from others as well as what plans they have for the future.

The prize for the Best Enterprise was £50,000 whilst the winner for the Best Start-up received a £10,000 cash investment. There was also a Best Digital prize, where the winner received a support package from digital experts worth over £10,000. Winners also receive support and mentoring from Lloyds Banking Group.

Bright Ideas

The high-profile judges were drawn from the world of business, media and the public sector including Tim Campbell MBE– the first Apprentice winner and founder of the Bright Ideas Trust.

Tim said:  “All of the finalists are incredible role models for their peers and are making huge waves in their respective sectors. Whether that’s inventing a new product, making the most of digital or providing an existing service differently.”

It’s incredible to see how these entrepreneurs are overcoming challenges that we all face when starting a business in completely new ways. These awards celebrate that and I hope it will inspire others.

Tim Campbell, Founder of the Bright Ideas Trust

Digital revolution

New for this year’s competition is the Best Digital category which recognises businesses that have demonstrated the value of digital to the business bottom line and the customer experience. This is part of Lloyds Banking Group’s commitment to improving digital skills in the UK and as a founder of Go ON UK – the digital skills charity. The overall winner of this prize received a package of digital support and expertise.

Tristan Wilkinson, Deputy CEO of Go ON UK, and Enterprise Awards judge said:
“The digital world is constantly evolving when it comes to doing business. From creating new business models to using social media to interact with customers, digital skills are now an integral part of any business.”

Today’s entrepreneurs know that digital is key to a successful business, a skill often overlooked by today’s more established companies.

Tristan Wilkinson, Deputy CEO of Go ON UK

Revolutionising room booking

The winner of Overall Best Enterprise Award was Room Booking System Ltd. 

Directors Marcus Fields and Robbie Beattie noticed schools weren't making effective usage of their rooms and resources. They created the Room Booking System which was designed to specifically support the school's timetable, and resources. Following requests from small businesses, they then developed a version tailored for them.

“The prize money will go towards expanding abroad and taking on a salesperson here in Scotland. We hope to build up a larger team in future and this money will be the first step on the way. The mentoring will be great to help us expand abroad. To have some contacts that have already worked in overseas markets, their insights will be invaluable in helping our business succeed.”

It’s amazing to win the Overall Best Enterprise Award - it means a lot to see our hard work finally be recognised for both myself, my co-founder and our valued employee. The recognition will help us attract and retain some super staff. It’s really the people that make the business, so this award is going to get that known out there.

Marcus Fields, co-founder of Room Booking System Ltd

Revolutionising room booking

Supporting start-ups

The Enterprise Awards are part of the Bank’s commitment to helping UK businesses and supporting start-ups. For 2014 Lloyds Banking Group has committed to help over 100,000 new start-ups as part of its Helping Britain Prosper Plan and grow net lending to SMEs by £1 billion in 2014 as part of its SME Growth Charter.  

Jen Tippin, Managing Director, Retail Business Banking said:

“These awards provide us with a great opportunity to recognise and celebrate the entrepreneurial spirit of this country’s students and graduates. Once again, the calibre of finalists was exceptionally high, and I know that the judges had a tough time settling on winners for each of the categories."

Room Booking System, Pure Pet Food and Centurus really impressed with their professionalism, determination and successes when it came to achieving their goals. They richly deserved to win and we have no doubt that they will continue to go from strength to strength.

Jen Tippin, Managing Director, Retail Business Banking, Lloyds Banking Group

Footnotes
  1. Lloyds Banking Group