We were recently joined on The Breakfast Show  by Peter Taylor, Area Manager of UK Steel Enterprise, which is a business support body that has helped around 1300 companies.

UK Steel Enterprise have launched the 40:40 Challenge. It's open to anyone under 18 years of age and who live in the areas of Tees Valley, Derwentside or West Cumbria. You can bid for a share of the £40,000 prize fund to either get a business idea off the ground or develop it further.

Bids can be between £500 and £10,000 and any idea will be considered, providing its helping to develop skills needed by the entrepreneurs of tomorrow.

To apply, describe your project in less than 1000 words and email, including organisation name and contact detaiils to This email address is being protected from spambots. You need JavaScript enabled to view it. . You've got till 31st December 2015 and more details are at www.uksteelenterprise.co.uk/40