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Do you have a business idea that you would like to develop and would you like to win up to £5,000 to help you get your business up and running?

Starting in May (date TBC) Amber Rudd MP will be running the third Entrepreneur Competition in Hastings, offering £5000 to assist with a new business venture.

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Enter the competition to win £5000 for your business

There are two categories of the competition: the Women’s Award, open to all women over 18 and not in full-time education, and the Over 50’s Award. Each of the two winners will receive up to £5000 to help fund their business idea.

There will also be five days of training will help entrants obtain the skills and knowledge required to start a business as well as completing a business plan.

Each candidate who takes part in the competition will also be able to gain the nationally recognised Institute of Leadership & Management (ILM) Level 3 Qualification in Starting your Enterprise.

Previous winners of the award are Rebecca Nolan of Barker’s on Sea, a dog grooming parlour in St Leonards on Sea, and Gemma Stephenson, of Life in Plaster who were both awarded £5000.

Rebecca and her sister Leonie, have re-invented themselves and turned their energies and love of dogs into setting up their business. As well as a dog grooming parlour, Barker’s on Sea is also a dog emporium and a community coffee shop for dog owners to meet and socialise.

Life In Plaster is run by Gemma Stephenson who was one of two successful entries in Amber’s entrepreneur competition in 2013. The prize money has gone towards expanding the businesses, focussing on body art and body sculpting, from her home to the high street.

If you have a business idea and are looking for the opportunity to gain experience and support visit the bizbuilders website or send Amber an email on amber.rudd.mp@parliament.uk for more information.

Following on from a highly successful 2013 for RBS Inspiring Enterprise are excited to announce the dates for new funding rounds for 2014.

£1m of grants will be made available to support organisations which help young people and women to start up and succeed in business. £500,000 of funding is set aside for youth enterprise and a further £500,000 available for women in enterprise.

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Got an business idea, need a grant? This could be for you!

There will be two funding rounds across the year for both target groups, with £250,000 of funding available in each round.

• The first 2014 youth funding round opens on Monday 20 January. Visit their website to see the full list of dates for Inspiring Youth Enterprise funding.

• The first 2014 women funding round opens on Monday 7 April. Visit their website to see the full list of dates for Inspiring Women in Enterprise funding.

The grants are available to help build the capacity of organisations that encourage and support young people and women to explore their enterprise potential.

They anticipate that applications will cover a variety of structured programmes in areas such as; business basics, skills and knowledge development, mentoring, peer support and a range of other ideas that will help build and develop the skills to allow more young people and women to start up and succeed in business.

Since the programme launched in 2012, RBS have made £2m of financial support available to 74 not-for-profit organisations across the UK. The projects run by these funded organisations are on track to inspire and enable tens of thousands of people to consider starting up a business.

Visit the RBS Inspiring Enterprise Website for full details of the programme here.