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Business Boost 2022: get your entry ready for a chance to win £25,000

2-minute read

Sam Bromley

7 June 2022

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Our Business Boost cash grant is now in its third year. With 2022’s edition opening next week, read top tips from last year’s winners about entering.

We launched Business Boost in 2020 as a way to help one small business owner start, grow, or revive their venture.

And as small businesses continue to face an uncertain future, we’re set to carry on offering the grant, with the third edition opening next week.

It’s your chance to get £25,000 to help start or grow your business. Why not beat the crowd and get your entry ready early?

Rising costs now the biggest challenge for small business owners

Business Boost 2022 is starting amid a backdrop of rising inflation, making running a business more expensive.

Energy prices in particular are eating into profits. Against these increasing costs, businesses are contending with raising their own prices or pausing plans for growth.

Recent Simply Business research revealed that rising costs are the single biggest challenge for 70 per cent of small business owners, while 63 per cent are dealing with a drop in customers.

With that in mind, we’re giving away £25,000 to help one small business owner make their big dreams a reality, whether it means starting up properly or pushing ahead with growth.

How to enter Business Boost 2022

When applications open you can submit your entry here. To enter, tell us about your business and why you should win the prize.

Our judges will be looking for:

Your story. Your trials, your triumphs, and everything in between. What inspired you to go it alone?

A big dream. Small businesses are built on big dreams – so what’s yours?

Positive social impact. From improving diversity and inclusion in your field or community, to how you impact the world around you – we’re looking to hear about the ways your business contributes positively to society.

Innovation. For some, this could mean cutting-edge technology. But for others, it might mean the creativity needed to turn a hobby into a business. What sets you and your business idea apart from the competition?

A thought-out plan. We’d like to know details of how you’d use the £25,000 to start or grow your business.

Don’t worry too much about the quality of your writing. The judges are more interested in hearing your story.

Give as much detail as you can, but try to keep your entry under 500 words.

Tips from last year’s winners, Watch This Sp_ce

We caught up with Allegra Chapman from last year’s winning business, Watch This Sp_ce.

Watch This Sp_ce impressed our judges with their vision for helping businesses reach their diversity and inclusion goals.

Allegra said: “Winning Business Boost really took our business to the next level. It gave us the financial injection we needed to develop our audit and training platform so that we can provide a truly holistic service to organisations looking to make a meaningful impact with diversity and inclusion. It also helped to raise our profile and get us noticed by some very exciting new clients across the UK and beyond.”

What advice does Allegra have for anyone considering entering? “Make sure you do it! We nearly didn’t enter because we thought the odds of winning would be so small with so many applicants. But someone has to win, and it could be you.

“From conversations with the judges – who’ve all been amazingly supportive since our win – one of the main things that seemed to stand out about our entry was our passion for what we do and our drive to have a powerful impact, so be clear on why you’re doing what you’re doing and why it matters, both to you and your customers.”

Will you be entering Business Boost on 15 June? Let us know in the comments below.

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We create this content for general information purposes and it should not be taken as advice. Always take professional advice. Read our full disclaimer

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