To apply for the award, you’ll need to write a business plan. We offer the Propeller Enterprise Programme, a set of four workshops that help you to do this. We encourage all applicants to attend these workshops. The first workshop is called ‘How to start a business’ and can be booked through our events calendar.

We also ask for a statement of purpose, which outlines how you intend to spend the money. You must demonstrate that you are contributing your own money to the business (£100), and provide realistic pricing options. Do your research: look at several suppliers and provide a reasonable price, a provider and timeline of when you intend to make the purchase.

If you are shortlisted, you will be asked to make a presentation to a panel of judges. Working on this presentation before you find out about the shortlist is recommended, as the presentation itself will be useful whether or not you are successful.