Win £10,000 for UK Growth idea

Minister Michael Fallon launching StartUp Britain bus tourBusiness Minister Michael Fallon launched the StartUp Britain bus on today as it hit the road this summer to help to boost the number of businesses started in 2013 to a record 500,000.

For the third year running, the campaign is taking its double decker bus filled with start-up experts and business champions to 25 towns and cities across the UK to deliver help and support to the growing number of people who are becoming entrepreneurs in Britain.

The event also saw Lawrence Tomlinson, Entrepreneur in Residence at the Department for Business, Innovation and Skills, launching a UK Growth Idea competition in which he will give away his £10,000 salary to whoever submits the best idea for UK growth.

Lawrence said: “Boosting growth is extremely important to me – which is why I applied for the post. I’m dedicating my time as Entrepreneur in Residence to assist the Department for Business, Innovation and Skills in helping businesses to grow.

I strongly believe the answer does not just lie with politicians, advisers and civil servants, but is something everyone should have the chance to contribute to. I’ve therefore decided to award my £10,000 wage from BIS to whoever sends the most innovative and practical idea for generating growth. It does not necessarily need to be a ground-breaking reform, you may have a small simple solution you think would help drive a growth sector – I want to hear them all. If the winner is a business owner, or is someone looking to start-up a new enterprise, I’m also happy to mentor them. UK growth is significant to us all so I look forward to hearing all the ideas submitted.

The competition will run until the end of Global Entrepreneurship Week when the winner will be announced on Friday 22nd November 2013, entrepreneurs from around the UK will be able to enter the competition aboard the StartUp Britain bus.

You can find your nearest bus stop for the StartUP tour on the StartUp Britain website