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Winner set to win £50,000 cash prize to invest in their business


Group, said: “Britain’s universities are home to many thousands of students who are developing the businesses of tomorrow. We want to make sure that these talented entrepreneurs get the recognition and support they deserve and that is why we have launched the Lloyds TSB Enterprise Awards. We’re offering a prize that includes both financial and mentoring support which we hope will help our winners in their quest for success. The winning businesses could come from any sector or region – there really are no barriers. But time is now running out so we are urging anyone who wants to enter to apply before it is too late.”


According to research4 exploring the attitudes of students towards enterprise, six out of ten (58 per cent) current university students plan to set up their own business in the future, and one in ten (8 per cent) have already done so. The study shows that those studying business related subjects (92 per cent) are more likely to want to start their own business than others (55 per cent) but that those studying creative subjects are more likely to have previously run their own business. Amongst those students who have already started a business or would like to in the future, their main motivation is the opportunity to control their own destiny (45 per cent) and the excitement of


running a business (47 per cent). However, most of the students questioned believe there should be more support for enterprise, both through teaching business in schools (61 per cent), on campus advice (79 per cent) and support from banks (75 per cent).


As part of its SME Charter, launched in November 2009, Lloyds Banking Group pledged to support 100,000 start ups each year until 2012. Since the Charter launched we have supported more than 200,000 start ups. During the first nine months of 2011, we provided £32 billion of committed gross lending to UK businesses, of which £9.6 billion was to SMEs.


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