The Prince’s Trust’s Tomorrow’s Business Awards celebrate the benefits that starting your own business can bring. We’re not looking for the fastest growing business or the one with the biggest profits, most staff or, greatest brand awareness. The Prince’s Trust want to celebrate the positive impact starting a business can have on an individual, their community or the environment and sustainability.

We’re looking for three businesses who received start-up support from The Prince’s Trust over the last 10 years to receive a business-boosting prize package. We’re looking for businesses in any field including technology, creative industries and those who are focused on improving the environment.

Overall criteria

1. Were you supported to start your business by The Prince’s Trust or The Prince’s Scottish Youth Business Trust since 1st January 2006? Have you fully paid off or are you keeping up with repayments on your Prince’s Trust loan (if you had one)?

2. Do you either:

  1. Still own and run the business that you set up with support from the Trust; or
  1. Own and run another trading business that you set up after receiving support from the Trust? 

3. Are you (and the business) based in the UK (i.e. are you a UK resident)?

To enter you must complete the following:

  1. In no more than 300 words, tell us how your business has had a positive effect on one or more of the following areas: your life, your community or sustainability and the environment.
  2. In no more than 300 words, explain how you would use the prize package (more details below) to help you to fulfil your aspirations for your business? We want to know how you would spend the money and use the mentoring sessions to take your business forward? Tell us how you want to transform your enterprise.

Judging panel

The judging panel will be made up of:

  • Martina Milburn CBE, CEO, Prince's Trust
  • Justine Burgess, Senior Head for Employment and Enterprise in South Region, Prince's Trust 
  • Keith Hanlon, Prince's Trust volunteer business mentor
  • Senior NatWest representative
  • James Eder, Founder and Head of New Business, The Beans Group - a Trust-supported business 
  • Lucy-Rose Walker, Co-Founder and Chief Entrepreneuring Officer (CEO)

Prize package for each of the three winners

  • £3,000 to be invested in the business
  • A Tomorrow’s Business Awards trophy
  • Invitation and travel to a business networking lunch
  • A one-to-one mentoring session with one of our well known, successful business people
    • Lloyd Dorfman, Founder of Travelex and Chairman of The Prince's Trust 
    • Steve Rowe, CEO of Marks & Spencer 
    • Claire Locke, Co-Founder of Artigiano
  • A workshop on business innovation from Bloomberg
  • A tailored session on business finance from NatWest business banking
  • A consultation with E-Spark about further mentoring or business accelerator opportunities

Terms and Conditions 

  1. The Tomorrow’s Business Awards (the ‘Awards’) are open to businesses with a registered office or main place of business in the UK who were supported to launch by The Prince’s Trust (the ‘Business’ or ‘you’).
  2. Employees of The Prince’s Trust or anyone connected with the Awards may not enter.
  3. By entering the Awards you are accepting these terms and conditions. If entries do not comply with these terms and condition they will be deemed invalid. By entering you confirm that you are either entering on your own behalf or that the person who has submitted your Entry is authorized to agree to these terms and conditions on behalf of your business.
  4. To enter the Awards you must answer the two questions (each has a maximum word count of 300 words) and supply your contact details (the ‘Entry’).
  5. For queries about Entry requirements please contact either Diane.Leeming@princes-trust.org.uk and Amanda.Richards@princes-trust.org.uk with ‘Tomorrow’s Business Awards Entry query’ in the subject line.
  6. Each business may only enter the Awards once, multiple entries will be discarded and only your first entry will count.
  7. Entries can be submitted to the Awards between 12 noon 28th June 2016 – 11.59pm on 30th August 2016. Entries received outside of those dates will not be considered. The Prince’s Trust reserves the right to extend or change the closing date where Entries are not of sufficient quality or quantity, any such changes will be available to view on the Awards landing page on our website.
  8. The Tomorrow’s Business Awards are supported by NatWest, long-term partner of The Prince’s Trust and the Enterprise programme.
  9. By submitting an Entry you give The Prince’s Trust and NatWest permission for your Entry to be published on The Prince’s Trust or NatWest website and grant The Prince’s Trust or NatWest a licence to publish, edit, adapt, copy, display and make available your Entry in any format including electronic and hard copy, for purposes connected with the Awards, The Prince’s Trust, NatWest’s support of Enterprise and the Enterprise programme and the promotion thereof.
  10. You retain the copyright to your Entry as its author but you grant The Prince’s Trust the right to use your name and location for the sole purpose of identifying you as the author of the Entry.
  11. You warrant that your Entry is your own work and does not contain any content you do not have permission to use.
  12. By submitting an Entry, you agree to The Prince’s Trust contacting you via email or telephone for purposes connected with your Entry. You also agree to The Prince’s Trust contacting you regarding other Prince’s Trust news, projects or information, unless you have opted out of receiving such contact. The Prince’s Trust will not pass on these contact details to any third parties.
  13. After the closing date 12 Entries will be shortlisted for the judging panel to choose between. The Prince’s Trust retains the right to choose a different number of shortlisted Entries where we have not obtained adequate quantity or quality of Entries. Details (such as name and nature of business) of shortlisted Entries may be posted on The Prince’s Trust website.
  14. Shortlisted winners will be notified by email within a week of the closing date (30th August 2016).
  15. Shortlisted Businesses may be required to have a telephone interview discussing your application in more detail and confirming you meet the entry criteria and will be required to provide proof of UK residency and (where possible) proof of Prince’s Trust Enterprise programme support to launch business.
  16. A judging panel will be convened and three winners will be chosen by the panel before 6th  September 2016  – they will be required to attend the Tomorrow’s Business Awards networking day in London w/c 19th September 2016 (travel expenses will be covered by The Prince’s Trust).
  17. Winners will be notified by email as soon after judging as possible – if a winning Entrant does not respond to contact within 5 working days they will be disqualified and The Prince’s Trust reserves the right to select another winner from the shortlisted entrants.
  18. Winners must provide business banking details for payment of the prize money. Payment will be made within 28 days of the winners being notified. 
  19. Three winners will be required to take part in publicity activity around the Awards including allowing themselves to be photographed and interviewed about their business and the Awards.
  20. Three winners will be required to invest all prize money into their business.  They will be required to give The Trust an update on how they have used their prize package in their business after 6 months and 1 year and for this information to form part of the publicity around the awards or future awards where appropriate.
  21. The Prince’s Trust retains the right to change the contents of the Prize Package if any elements become unavailable and to replace them with similar benefits. Any changes will be posted on The Prince’s Trust website.
  22. The judging panel will be looking for Entries which demonstrate clearly how starting a business has had a positive effect in one (or more) of these areas: personal/professional life of Entrant, the community the Business operates in, sustainability and the environment. We're looking for businesses in any field, including: technology, creative industries and those who are focused on improving the environment. They will also be looking for Entries which will benefit the most from the prize package. The judge’s decisions are final and no correspondence will be entered in to.
  23. Details of shortlisted and winning Entries can be obtained by writing to Amanda Richards and Diane Leeming, The Prince’s Trust, Prince’s Trust House, 9 Eldon Street, London EC2M 7LS including a stamped addressed envelope.
  24. Entries which are lost, delayed or incomplete will be ineligible.
  25. The Prince’s Trust accepts no responsibility for any damage, loss, liabilities, injury or disappointment incurred by you as a result of your Entry or acceptance of the prize package.
  26. The Prince’s Trust reserves the right to discontinue (temporarily or permanently) the Awards without prior notice and the decision of The Prince’s Trust is final and binding.