Simply Business launches competition aimed at small firms with £25,000 for winner

Simply Business, one of the UK’s largest providers of small business insurance has launched its annual Business Boost competition, which will award a £25,000 cash prize to the winner.

The grant is designed to give UK small businesses a helping hand in the face of wider economic challenges, including energy bill increases and inflation.

Alan Thomas, UK CEO at Simply Business, said: “Small businesses are built on big dreams, and we know that finance can play a huge part in starting or growing a successful small business. Small businesses play a vital role in our communities and contribute enormously to our economy, so it only felt right to run the 4th iteration of our Business Boost grant to help make a genuine transformational impact on one small business owner's life.”

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Last year the £25,000 grant was given to Sarah Jordan, the Founder and C.E.O of sustainable underwear business, Y.O.U Underwear. Ms Jordan will also be part of this year's judging panel. A group of expert judges, from the world of business including Simply Business’s newly appointed small business ambassador Baroness Karren Brady will also join the panel this year.

Entries for Business Boost will close on 11 October. The winner will be announced on 7 December.