The Business Boost Competition Terms and Conditions
1) Eligibility Criteria
i) Impact on the Borough Category
a) The Business must be based in the Borough of Newcastle-under-Lyme, i.e. paying business rates or council tax to Newcastle-under-Lyme Borough Council. See map for details of eligible areas but postcodes beginning ST5, ST7, CW3, TF9 are eligible. The organisers reserve the right to request evidence of location in the form of a utility bill or similar. [NB: Different location criteria apply for BID FutureBoost category – see iiia for details.]
b) The Business must be less than 250 full time equivalent (FTE) employees. The organisers reserve the right to request proof of the number of employees.
c) The Business must not be a subsidiary of a larger business but franchise businesses may apply.
d) The Business may have been trading for any length of time but must be trading on/by the closing date for initial applications (date TBC). [NB: Different length of trading criteria apply for the Entrepreneurial Spirit category – see iia for details.]
e) All types of Businesses are eligible for entry with the exception of those involved in any form of illegal, unlawful or immoral activity.
f) Previous Business Boost participants may apply subject to eligibility criteria but previous winners can only apply for a different category.
ii) Entrepreneurial Spirit Category
a) To enter this category, the business must be less than three years old as at the closing date for initial applications (date TBC), i.e. must have been formed on or after [date TBC].
b) Criteria a), b), c), e), and f) of Impact on the Borough category must also be satisfied (see i) above).
iii) BID Futureboost Category
a) To enter this category, businesses must be based within the boundary of the Newcastle-under-Lyme Business Improvement District. See BID map for eligible areas (note: this category is open to all businesses in the BID area who meet the other criteria below).
b) Criteria b) to f) of Going for Growth and The Innovation Award Categories must also be satisfied (see i) above).
2) Competition Terms & Conditions
i) The competition is divided into four categories: Impact on the Borough Award; Entrepreneurial spirit Award; BID FutureBoost Award. Provided they meet the eligibility criteria applicants may enter one, two or all categories but must indicate a preferred choice against which they wish to be assessed. However, the judges reserve the right to select the category against which the business will be assessed.
NB: Entrants can only win one of the cash prizes available.
ii) Applicants must fully complete and submit the on-line application form by midnight on [date TBC] to enter the first stage of the Competition.
iii) Businesses selected for the second stage are required to submit a Business Plan. Further details will be supplied and a template will be made available upon request. Submission by midnight on [date TBC].
iv) Applicants reaching the third and final stage will be required to give a short presentation to a Panel of Judges followed by a Question and Answer Session on the morning of 5th November 2019.
v) Applicants reaching the third and final stage will be required to make themselves available for the filming of a video sequence to be used at the awards evening. Date to be confirmed. Copies of the video sequence will be available for all finalists.
vi) Winners will be announced at the Awards Ceremony on the evening of 7th November 2019. All finalists are required to attend.
vii) Cash prizes can only be paid into business accounts (not personal accounts) by BACS transfer. Account details must be supplied within 28 days of the award ceremony otherwise the prize will not be awarded.
viii) Decisions made at any stage of the Competition are at the absolute discretion of the Judges and no correspondence will be entered into by either the Organisers or the Judging Panels.
ix) Information provided by Applicants is treated in absolute confidence. Judges are required to sign Confidentiality Agreements (copies made available on request), and abide by the GDPR 2018.
x) By participating in the Business Boost Competition you agree to take part in any marketing or PR campaign relating to the promotion of the Competition and its Awards..
xi) The judges also reserve the right to pass Applicants’ contact details on to selected agencies delivering business support processes which may be beneficial to the Applicant.
First stage: Application closing date: midnight, [date TBC].
Second stage: Business Plan submission date: midnight, [date TBC].
Final stages: Presentation on Tuesday 5th November 2019.
Awards Ceremony: Thursday 7th November 2019.