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 £30,961 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.”
The Foundation is now seeking further donations from Lancashire businesses who are willing to give young people the chance to set up their own initiatives.