About the award

This award recognises those that have exceeded their initial targets for growth and already show a significance within the industry they are operating in. The winning entry will demonstrate their business concept has met and overcome challenges, adopt a clear understanding of the market they operate in and have the foundations in place for continued success and potential expansion.

Has your high performing, new company shown incredible growth in customers or revenue over the last three years?

Are you a new SME or a startup with a new product or service for your sector or industry to shout about?

Has the mission and quality of your team attracted key investors, whether VC or Angel, to make a significant investment in your company?

If you are a high performing, new company trading for fewer than three years with an innovative edge and something to shout about, this could be your award. The Lloyds Bank New Business of the Year recognises those companies that have exceeded their initial targets for growth and already show importance within their sector or industry through significant product/service innovation and leadership.

The winning entry will demonstrate how their business concept has met and overcome challenges, adopted a clear understanding of their market, shown significant innovation, built a strong team and has the foundations in place for continued success and potential expansion.

Open to any UK organisation that began trading less than three years ago, this award will go to the company that best demonstrates following:

•    Significant growth through meeting and exceeding key objectives
•    Innovation through product and services
•    Consideration of customer and employee engagement
•    Effective leadership and vision
•    Ethical approach to business
•    Plans to sustain financial growth
•    Finances on track with business strategy

Core criteria Proportion of overall score

Growth: 20% 
Innovation: 30% 
Customer engagement: 10% 
Leadership: 10% 
Organisational Ethics & Policies: 10% 
Employee Engagement: 5%
Financial performance: 15% 

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Previous winners

Gas Tag - 2018

Signal - 2017

About Lloyds Bank

Lloyds Bank Commercial Banking provides comprehensive expert financial services to businesses of all sizes, from start-ups, through to small businesses, mid-sized businesses and multinational corporations.

Find out more about Lloyds Bank

 

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