They are the kind of businesses that will create new jobs and individually they will generate pride in the community. Entries close November 14.
Now the campaign has kicked off, we have launched our Local Business Accelerators search.
It is open to all businesses that are active in the local community, between one and three years old and full of potential. They may have a great idea or product, or even have found a new market.
If you feel we have made an error in a report, or have fallen below our usual high standards, please write in the first instance to: Rob Irvine, editor, Manchester Evening News, Mitchell Henry House, Hollinwood Avenue, Chadderton, Oldham OL9 8EP.
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"The Local Business Accelerators campaign will help provide the boost that our smaller British businesses need right now. By joining forces to launch this excellent initiative, local newspapers are demonstrating their commitment and providing exactly the sort of practical, hands on support that will help young local businesses succeed and grow.
Prime Minister David Cameron and Dragon's Den star Deborah Meaden have thrown their weight behind a campaign to see local newspapers help small business develop.
He added: "In towns and cities across the country, local and regional newspapers are helping to build stronger local communities and contributing to growth by supporting local businesses. They have a major role to play in Nike Air Max 2015 Gray championing growth.
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Geraldine Allinson, president of the Newspaper Society, said: "The UK needs to grow local businesses like never before, and local businesses need local press.
500 publications across the UK are taking part, with more than 15m of ad space being pledged as part of the campaign.
They'll also be looking out for that one overall star business to put forward to be in with a chance to gain Deborah Meaden as a mentor during 2012.
She said: "I've seen the unique contribution that local press makes to the success of local businesses time and again with my own ventures.
Publishers are joining forces to find the nation's most promising young companies and help them accelerate their success with advice from local business mentors and a substantial allocation of free advertising space in their local paper.
the MEN's Greater Manchester business news.
Members of the local business community alongside MEN Media representatives will form the judging panel and review and shortlist entries before awarding three local businesses with the prize of free advertising and business advice.
Mr Cameron described the LBA scheme as an "excellent initiative".
"In this age of enterprise it has never been more important to drive awareness about the value of local marketing for a fledgling business, which is why I'm so proud to support Local Business Accelerators and help build thriving and industrious communities."
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"No other medium has the power, local knowledge and influence to activate a scheme like Local Business Accelerators. It's where local newspapers have always made a real difference: by helping to build strong local businesses and encourage thriving communities."
The MEN is backing the Newspaper Society's Local Business Accelerators scheme, which launched this week.
"Those that will benefit from the initiative are the very businesses and entrepreneurs that will help to lead Britain's recovery. I want to thank all those involved for taking part in Local Business Accelerators and to wish you every success with this important campaign."
MEN Media editor in chief Maria McGeoghan said: "We are delighted to support the Local Business Accelerators campaign.
"I want this to be the most pro growth government in living memory. We are cutting red tape, cutting corporation tax, boosting tax relief for investors in start ups and entrepreneurs, getting the banks to increase lending to small firms and supporting the banks' 2.5 billion Business Growth Fund to back established and growing businesses.
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