HSBC urges Kirklees firms to get thinking!
May 11 2010 by Henryk Zientek, Huddersfield Daily Examiner
KIRKLEES firms should get thinking – and bid for a share of £90m of funding, a financial reward of up to £100,000 each and a trip overseas.
HSBC Commercial Banking has launched Business Thinking 2010 to support and fund the UK’s most innovative and forward thinking companies.
Businesses with turnovers exceeding £2m can put forward their vision and ambitions for their company, how their management team intends to achieve them and how the prize would help them succeed.
Business Thinking 2010 has three phases of reward.
Phase one will see up to 54 companies across the UK shortlisted as regional finalists. Each company selected from the north-east at this stage will have the chance to take part in an international Thought Exchange as a guest of HSBC to one of the world’s most dynamic areas of economic growth – China, the Americas or Europe – for the opportunity to meet like-minded business thinkers and enjoy networking and business development opportunities.
At phase two, the regional finalists will be invited to refine their business case to win based on the insights gained on the Thought Exchange to be judged by HSBC’s panel of experts. Two regional winners per region will then receive up to £5m in lending plus a financial reward of up to £100,000 each.
Phase three will see one of the 18 regional winners crowned overall Business Thinking 2010 winner at a gala event in Hong Kong in front of an international audience and receive a further financial reward of up to £100,000.
Mark Vines, HSBC’ regional commercial director for Yorkshire said: “We know the most successful businesses are those that innovate and invest to get ahead and we are launching Business Thinking 2010 to help support companies do just that.
“We firmly believe that for many businesses in the region, trading internationally could help them drive their way out of the recovery to success, which is why we are giving so many finalists the chance to meet like-minded companies in other countries and find out about doing business overseas.”
Entrants to Business Thinking 2010 must be able to demonstrate outstanding business thinking whether trading internationally or only in the UK.
They must be UK-based, have operated for two years or longer and have turnover of £2m or more.
They must be able to provide profit and loss and balance sheet information for a minimum trading period of 12 months and projected financials for a minimum of two years.
Go to www.hsbc.co.uk/businessthinking to register interest and receive an application form. For questions regarding entries and the process, ring 0800 328 3211. The closing date for entries is midnight on June 25, 2010.
For more information, contact Jill Hague, area commercial director for Calderdale, Kirklees and Wakefield. Tel 08455 848153