UK Steel Enterprise has launched a £40,000 initiative to support the next generation of entrepreneurs in the UK’s steel regions, to mark its 40th anniversary.
A subsidiary of Tata Steel, the regeneration-focused charity is inviting organisations working with young entrepreneurs in education or training to apply for a cut of £40,000 available through the new 40:40 Challenge.
Launched in 1975 to support the economic development of steel industry areas, UK Steel Enterprise has since overseen investments of £88m assisting more 6,000 businesses and creating more than 75,000 jobs.
Now, in celebration of its ruby anniversary, it is inviting business proposals from the next generation of entrepreneurs.
Keith Williams, UK Steel Enterprise regional manager, said: “The judges are on the lookout for those projects that show imagination, innovation and involve as many other young people as possible.
“We’re looking for proposals that demonstrate creativity, inclusiveness and forward thinking.”