The Daily Telegraph has launched a competition to find the UK’s best small and medium-sized businesses.

The Festival of Business’s SME of the Year competition, run in partnership with FedEx, is being held to celebrate the achievements of SMEs in driving the UK economy.

SMEs currently account for more than 99% of the 4.9m private businesses in the UK, and employ 14.4m people between them, with a combined turnover of £1.6 trillion.

The competition will be judged by singer, Myleene Klass; Festival of Business editor, Rachel Bridge; and FedEx’s vice president for UK and Ireland, Trevor Hoyle.

To be eligible to enter, your business must have less than 200 employees. Entrants are asked to submit up to 200 words on what makes their business outstanding, and 100 words or fewer on their most proud business moment.

Six entrants will be shortlisted and profiled in the Daily Telegraph, whilst the winner will be given £25,000-worth of advertising in the Daily Telegraph and a stand at the Festival of Business event.

Myleene Klass said:

“I’m looking forward to meeting some of the best and most exciting SMEs in the country and finding out just how they’ve been turning their dreams of running a business into reality. These are the businesses and young entrepreneurs driving the economy forwards — and behind every one of them are individuals with their own empowering stories.”

The deadline for entry is midnight on Tuesday, September 30. You can enter online here.