The Department for Business, Enterprise and Regulatory Reform recently reported that while the UK compares well with other European countries, the percentage of growing businesses is significantly lower than in the US. One key reason given in the report was that many UK companies have no ambition to grow.*
On the plus side, John Hutton, Secretary of State for Business does recognise that Britain has seen a significant increase in the numbers of small businesses in the last four years. Advising the government must now build on this success and ensure these small enterprises grow and take advantage of the new global
markets.*
That is why schemes like the Fast Growth Business Awards are so important.
Organised by Growing Business magazine and sponsored by T-Mobile, these awards not only celebrate and give well-deserved recognition to the UK's most successful businesses, but also help raise awareness of their achievements acting as a positive example and encouragement for smaller businesses looking to grow.
This years' judging panel consists of some of the most well recognised entrepreneurs and business experts including:
Peter Jones, entrepreneur and star of BBC's Dragon Den Simon Kossoff, MD, Carluccio's Paul Hicks, founder, Maximuscle Ltd (last years' winner) Ren Carayol, Business guru and TV presenter Nick Wheeler, founder, Charles Tyrwhitt
There are 15 categories including: Retail Business of the Year, Online Business of the Year, Female Entrepreneur of the Year, Green Business of the Year and International Business of the Year and the overall winner will be chosen from the winners of each category to be announced the T-Mobile Fast Growth Business of the Year.
Businesses that apply must have generated revenues for at least 2 years, had revenues of at least 1 million in their last months trading and have fewer than 500 employees. Entry forms can be obtained from www.fgba.co.uk or from the Events Team on 020 8334 1680.
*News release by Department for Business, Enterprise and Regulatory Reform, 20 September 2007
Businesses in UK are less ambitious than it the US
When it comes to business its UK Vs U.S (and we lose, but why?)
