Here’s the BUT – profits from the BIBAs are donated to the BIBAs Foundation. Essentially the fund which the Foundation delivers grants from.
The BIBAs Foundation, managed by the Community Foundation for Lancashire, has been created to develop an enterprising culture in the youth of Lancashire.
The Foundation is supported by BAE Systems, which employs more than 10,000 people in its military aircraft business in the county.
Dave Holmes, Manufacturing Operations Director at BAE Systems, chairs a panel that decides upon applications submitted to the Foundation, alongside BIBAs Lancastrians of the Year, and representatives from the North and Western Lancashire Chamber of Commerce and the Lancashire Community Foundation.
The fund which the Foundation delivers grants from is made up of business and personal donations, prize draw money and NET SURPLUS from the BIBAs.
You can view how the BIBAs income was spent with the BIBAs 2018 here