News Article

Business Boost grant competition

17 June 2021

Simply Business has launched a £25,000 Business Boost grant for 2021. It’s designed to help entrepreneurs launch a new business or help existing SMEs bounce back from challenges posed by Covid-19. According to its own research, Simply Business found that:

- The average UK start-up spends more than £22,756 in their first year

- SMEs have lost £15,673 each so far in lost work and earnings due to the pandemic

- In total, SME owners expect to lose £22,461 each on average, suggesting there are still losses to come, even despite the reopenings from the government

- Over 840,000 SMEs are not sure their business will ever return to pre-pandemic trading levels

- Over 2.2m SMEs (37 per cent) still haven’t been able to access government schemes and grants

How do I enter?

To enter, you’ll need to fill out a form on the competition website detailing why you think you deserve the grant. Judges will be focusing on:

- Your story
- A big dream
- Positive social impact
- Innovation

You must not have a turnover of over £500,000 or have received over £50,000 in private grant funding in the past two years – this doesn’t include government grants. In the event that you are the winner, you must accept and agree to at least one filming session for at least one promotional video that can be used and distributed at the discretion of Simply Business.

The closing date is September 17, 2021

The shortlist will be announced on October 4. The winner will be selected by an expert panel before being announced in October 20.