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SCARBOROUGH entrepreneurs are being invited to enter a competition to win £50,000.

As the deadline approaches Barclays is calling on anyone with an exciting new business idea to submit an entry to the ‘Take One Small Step’ competition.

The competition, which is looking for budding entrepreneurs up and down the country, will select nine winners to award a prize of £50,000 each to help make these business dreams a reality.

The competition, in its second year, is open to brand new start-ups or existing businesses looking to expand and has already attracted a lot of attention.

After the deadline, a panel of judges will shortlist a total of 27 business ideas - three each from nine different regions. Then, it’s over to the public to vote for the winners, who will each receive £50,000 cash and expert advice for a year. Shortlisted individuals will be encouraged to drum up support for their idea.

To enter your idea go to www.takeonesmallstep.co.uk by April 27.