The charity set up by one of Lancashire’s biggest business awards to boost enterprise among the county’s young people has put over £30,000 up for grabs.
The BIBAs Foundation, a body created by the annual awards and the Lancashire Community Foundation, will make grants of up to £2,000 available to 16-24 year olds in the county to develop skills and expand and build businesses.
Its opening balance of £30961 comes from the net profit generated by the awards’ prize-giving ceremony last September, along with donations pledged on the night.
Karen Morris, a spokesman for the Lancashire Community Foundation, said the charitable body would “create an enterprising legacy” for the county’s young people.
She said: “The challenge is out there to Lancashire’s young people to put together their bids to the BIBAs Foundation.
“Our promise is that we will back those who we believe embody the enterprising spirit which has become synonymous with these awards.
“The BIBAs Foundation will support and empower young people to become motivated, creative and inspired employees, business owners and leaders of the future.”
She added the Foundation was now seeking further donations from members of Lancashire’s business community who are willing to give young people the chance to set up their own businesses and enterprising initiatives.
The funds will be distributed by the Lancashire Community Foundation which is part of a national movement of community foundations which undertakes strategic grant making, facilitates philanthropy and contributes to social change in communities.
Last week, the BIBAs opened its annual competition for applications for 19 prizes which will be handed out at a ceremony at the Blackpool Tower in September.
Businesses and individuals from across Lancashire have until 10 April to apply for the prizes.
Last year, the BIBAs ceremony was held in front of a sell-out crowd of almost 1200 people with after-show entertainment from pop star, Peter Andre.
Eric Wright, the founder of construction firm The Eric Wright Group, picked up the awards’ lifetime achievement prize, Lancastrian of the Year, with Bamber Bridge-based Chemical Innovations named as the Business of the Year.
Preston charity The Foxton Centre collected the Most Inspiring Business of the Year, a new category for 2014.
All profits from the 2014 awards have been ploughed back in to the charity having spent £155,000 with north west suppliers, including £140,000 with companies in Lancashire.
For more information on the BIBAs Foundation and to apply, click here.