Wales Co-operative Centre

Canolfan Cydweithredol Cymru

Redrow boss Morgan unveils fifth annual business awards

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The Morgan Foundation Entrepreneur Awards 2011 are officially open for entries.

Now in its fifth year, organisers said it will be “bigger and better than ever before” with over £115,000 of cash prizes and professional services on offer to the winners, the competition is open to charities, social enterprises, businesses and entrepreneurs from North Wales, Merseyside, Shropshire, Wolverhampton and Cheshire.

Founded by Liverpool-born Steve Morgan, chairman of Flintshire-based Redrow building group, there are seven categories and 17 cash prizes to be won, including a new field for 2011 aimed at young entrepreneurs with a unique business idea.

Categories carry prize money worth £115,000 to winners and runners-up, including £5,000 for the new category. Winners also receive mentoring and professional services to help them develop their businesses.

Other sections include awards for new businesses and for entrepreneurial charities and social enterprises.

Mr Morgan said: “Unlike many others, these awards offer substantial cash prizes, so the winners and runners-up get more than just a pat on the back, they get a capital injection that can make a real difference to their businesses.

“Previous winners and runners-up have said that winning has helped them in many ways: from a much-needed capital injection into their business to improving staff morale.”

He said that with government cutbacks beginning to bite in the charitable and social enterprise sectors, the awards could prove to be a much-needed fillip for some applicants: “Such organisations need all the encouragement they can get.”

The closing date for online entries is September 2, and the winners and runners-up will be announced at the Carden Park Hotel on November 10.

Mr Morgan, who founded Ewloe-based housebuilder Redrow in 1975, with a £5,000 loan from his father, was himself named “Entrepreneur of the Year” at the 2011 PROPS Awards in London recently.

One of the property industry’s most prestigious events, now in its 20th year, the awards have raised almost £7m for the children’s charity, Variety Club.

Neil Sinclair, co-founder and co- chairman of the PROPS, said: “Steve Morgan was the unanimous choice of the judging panel. He is a true entrepreneur.”

Full details about how to enter the Morgan Foundation awards are available at www.mf-awards.co.uk.

Source: Daily Post

Social Enterprise Networks Wales is helping Welsh social businesses and enterprises gain advice and grow. See Social Enterprise Networds Wales for more information.

 

Written by C Kenzie

July 4, 2011 at 8:19 am

Posted in social enterprise

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