Chance for South Yorkshire SMEs to land £150, 000

Chris Wormall, HSBC's head of business banking in the north.

Chris Wormall, HSBC's head of business banking in the north.

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Small and medium enterprises in South Yorkshire could be in with a chance of winning £150,000 cash from HSBC to help make their ambitions a reality in a major pitch competition.

The Elevator Pitch, which has been designed by the bank to help UK businesses with a turnover of up to and including £10 million, asks businesses to explain in a 90-second pitch video how they would elevate their business with £150,000.

The online competition is part of HSBC’s Elevator programme which also includes a series of talks and written guides to help businesses move to the next level.

They are looking for innovative and exciting responses to the brief which could see them win the cash prize, as well as 10 hours of mentoring from business experts.

Chris Wormall, HSBC’s head of business banking in the north, said: “SMEs are the lifeblood of the UK economy, employing some 15 million people with a combined turnover of £1.6 trillion.

“The Elevator Pitch could help these businesses fast-forward their growth plans.”

After shortlisting, 10 finalists will be announced in February 2016 and invited to attend a two-day masterclass where they will receive coaching and advice on how to hone and refine their business idea, before re-pitching to an expert panel. The winner will be announced towards the end of February.

The competition is open to any UK business from start-ups through to those with a turnover of £10 million.

Entrants must be at least 18-years-old and be prepared to take part in all elements of the campaign.

To find out more about the competition and upload your business’s 90-second video visit www.hsbc.co.uk/elevator before the closing date of November 30.