STUDENT and graduate entrepreneurs have until January 31 to enter a competition for a £50,000 investment and mentoring prize.

The Lloyds TSB Enterprise Awards will give two awards.

Best Start Up, for a business in its early stages, and Best Enterprise, awarded to the business judged to show real potential to grow over the next five years and become a recognised SME.

Winners then go into a national final, with the overall winner of Best Start up awarded a cash prize of £10,000 and the winner of Best Enterprise awarded a cash prize of £50,000.

All 16 regional and national winners will receive a two-year mentoring programme, involving senior executives from Lloyds Banking Group.

Visit to enter.