It is, quite simply, the biggest prize ever offered to business in Britain. The Sunday Times and Bank of Scotland Corporate are delighted to announce the launch of the Bank of Scotland Corporate £25m Entrepreneur Challenge.

The brightest and best business brains in the country are invited to compete for five funding packages worth up to £5m each. The prizes will be awarded to five entrepreneurs, chosen by region, who in the opinion of our judges have the vision and ambition to drive their businesses to the highest level.

The packages are entirely free of interest, charges and fees for three years – which, at today’s interest rate of 5.5%, represent five cash prizes equivalent to £825,000 each.

It is an unprecedented opportunity and it has been put together in a ground-breaking collaboration between this newspaper and the UK’s fourth-biggest bank.

Perhaps you are an established entrepreneur bursting with new ideas but lacking the financial resources to make them happen. Or you may be the owner of a fast-growing small business with the ambition to take it to the very top. If so, now is your chance to turn those dreams into reality.

HOW TO ENTER

Go to www.theboschallenge.co.uk, where you will find an entry form for the Bank of Scotland Corporate £25m Entrepreneur Challenge to download and complete, or click here.

To follow the progress of the Entrepreneur Challenge go to timesonline.co.uk/entrepreneurs

The full terms and conditions can be viewed here and at www.theboschallenge.co.uk.