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SME News proudly presents...

Finance Awards (2024)

SME News are delighted to announce the return of their much-anticipated UK Finance Awards, another chance for us to give recognition to those in the Finance industry who have continually shown excellence and outstanding expertise in the past year.  

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Meet our amazing team

The Nomination Team can assist with answering any queries that you have regarding a nomination, or the process involved in taking part in one of our award programmes.

Please get in touch with us via email or over the phone if you have any questions - we are happy to help!

Meet The Team
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Key Dates - Award
Key Dates

Entries Open:Monday 16th September 2024

Entries Close:Monday 4th November 2024

Winners Announced:January 2025


About the SME Finance Awards

SME News is proud to announce the UK Finance Awards 2024! For the sixth year running we return to honour the achievements of the top small-to-medium sized enterprises in the UK’s thriving financial services sector.

It is well known that the UK is a global financial powerhouse. It is the world’s second-largest exporter of financial services and UK trade surplus in financial and related professional services exceeds £92bn. Additionally, the UK accounts for 38% of global foreign-exchange turnover and hosts around 170 foreign banks in London. These are just a few elements which together contribute to the UK’s status as a major global financial hub.

Despite these strengths, however, UK SMEs in the financial services industry have encountered several challenges resulting from a tough macroeconomic environment marked by sluggish growth and high interest rates. There is also a need for financial services firms to enhance digital capabilities, leveraging new technologies such as artificial intelligence, whilst simultaneously strengthening cyber resilience. Alongside these impediments, firms are faced with tackling the evolving compliance pressures of a post-Brexit environment, managing the emergence of FCA regulations such as Consumer Duty and the anti-greenwashing rule.

The UK Finance Awards 2024 will highlight those who rise to these challenges, achieving success regardless of what difficulties are presented. As has been shown in the past, the UK financial services sector often sees obstacles as opportunities, and SME News wishes to celebrate those who exhibit this kind of resilience.

From firms with superior client service to financial technology providers with a particularly innovative product; our Research and Judging team will award worthy businesses across the entire spectrum of the financial services sector. Our judging panel uses publicly available sources and information submitted by nominees to determine the most deserving candidates. The UK Finance Awards 2024 will accept nominations for any SME within the UK financial services sector, including businesses from peripheral supporting industries such as financial recruitment companies.

SME News offers free-of-charge and commercial advertising options to all of our winners, supporting successful nominees to promote their achievements and share their story! Winning candidates will have access to the promotional power of our 78,000-strong circulation of UK professionals and small-to-medium sized enterprises!

If you believe you know of a worthy candidate for the UK Finance Awards 2024, please feel free to submit a nomination by clicking the “NOMINATE NOW” link on this page and completing the online submission form provided. For further information regarding the UK Finance Awards 2024, please feel free to contact us by email at [email protected] or by calling the phone number provided above.


FAQ's
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How long has SME News been in circulation for?
SME News was first launched in 2017 making it one of AI Global Media’s newer publications. SME News is a quarterly magazine circulated to just over 78,000 recipients. The publication seeks to inform, entertain, influence and endorse the start-up and SME business culture in the UK. We aim to achieve this by providing quality editorial and rigorous research utilising a multimedia platform capable of targeting key stakeholders of dedicated advisers, experts and contributors.

SME News is owned by AI Global Media, a UK based publisher which has over 200 issues to its name since 2010.
Where did the nomination come from?
In the interest of nurturing an environment proven to produce a high response rate, we don’t ask nominees to reveal any personal identity. With regards to methodology, we often nominate candidates ourselves and, when it comes to voting, if you didn’t cast a vote through a self-submission, it is likely to have been cast via a colleague or client who has received one of our direct invitations.

One of the main mantras of our awards system is that your ability to succeed is not linked to the number of votes received, meaning your award is presented purely on merit. In the interest of security and fairness, we track unusual behaviour on our website to identify repeat votes and cyber-threats.
What happens if I agree to be shortlisted?
In the interest of focusing our efforts on relevant and eager candidates, we ask all nominees to accept their position on the shortlist giving people complete control in the decision on whether they would like to move forward with the award. Nominees who accept are subject to our scrutiny during the internal vetting procedure and are given the opportunity to present their own data to be considered alongside information collated by our research team. This can take up to 8 weeks for final assessments to be rendered.
Who makes the final decision?
We employ an entirely impartial panel of 5 individuals to conduct all research. At the helm of the panel, is a veteran academic leader with international academic and training experience and is well versed in research, fact-checking and mediation. SME News’ research is overseen by Martyn Walters, who holds a master’s in history and experience in coaching, sales and hospitality.

This two-tiered system allows for a neutral mediator which we feel allows a more efficient method when determining individuals and companies most deserving of winning an award and has brought us much success and commendation throughout its use.
Is there a winner’s ceremony/award dinner and if so, when does it take place?
The short answer is, no.

We decided to not focus our efforts on a celebratory event. Despite being an enjoyable occasion, it doesn’t support our group’s philosophy of cost-effective marketing. We follow the belief that optional costs associated with an award are better placed in a year’s worth of online marketing for the winner rather than spending large sums on a ceremonial evening.

Our press announcements are made digitally, online and across our network to enforce our position as digital publishers. We aim to provide you with the tools (both digital and physical) to generate real-world value.
What happens if I am deemed successful?
After you have been notified we enforce a short press embargo while the programme manager will liaise with you to establish your preferred method of coverage. Generally, our coverage takes the form of a digital celebratory magazine, we also offer physical trophies, wall mounted certificates and plaques and digital certificates, web-based advertisements and press releases which can be custom designed for you or your company.
Are there any costs involved?
As mentioned there are no compulsory costs in accepting a nomination or winning an award with SME News. We do offer a variety of paid additional benefits for our winners, but these are completely optional. To demonstrate our commitment to no mandatory fees, all our winners are offered a free of charge promotional package. Our company policy will always remain: regardless of budget, our clients should always be able to garner the full value of the award and our seal of approval. We offer a variety of promotional opportunities to our winners, as we have an extensive network and we know, more than anyone, the wider business benefits from promoting industry awards.
Why does your email domain differ from your website domain?
Because we send a large volume of emails, we separate our campaign email sends from our transactional ones. This structure helps to ensure a prompt and thorough response from one of our diligent team members. The sending email address will always be recognisable but please contact us via the address on this page if you have any concerns.

Methodology
Methodology 1: Researching nominees - Full Width BannerResearching nominees

The SME News team work ardently to identify market leaders, innovators and enterprising start-ups, driving many of the nominations themselves.

We also encourage external nominations via the SME News subscribers, online visitors, social media followers, clients and wider circulation.

Nominating parties are invited to put forward either third-party businesses whom they hold in high regard, or their own organisation.

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Methodology 2: Shortlisting nominees - Full Width BannerShortlisting nominees

All nominees are formally requested to accept their nomination. Should any firm or individual rather decline at this point, they are simply taken out of the running.

Those formally accepting are given the opportunity to submit additional materials in support of their nomination. Although there is no obligation to complete and supply material, we have found that many nominees value this stage, in the process, as much as our research team do.

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Methodology 3: Evaluating and judging - Full Width BannerEvaluating and judging

Our dedicated research team will assess all information presented to them.

The team gather information independently from a variety of publicly accessible sources, which are assessed alongside any material supplied by a nominating party or the nominee themselves.

The research team casts their final judgment, based on various criteria including: client dedication, innovation, business growth, longevity, online reputation, customer feedback and business performance.

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Methodology 4: Our deserving winners - Full Width BannerOur deserving winners

Once winners are determined, they are personally notified before any public announcement is made, allowing time for any communications throughout the wider business and the coordination of marketing strategies.

Unfortunately, not everyone can be a winner; however, all who take part are encouraged to come back next year.

Once the press embargo is lifted, details of our SME award winners will be made public via the website, award winners’ magazine and subscriber newsletter.

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Methodology 5: Making the most - Full Width BannerMaking the most

We are prepared to offer a range of promotional packages and items to SME award winners, which vary from inclusion in the free-of-charge winners’ directory, to trophies, content in our magazine and on our website.

We encourage all winners to publicly announce their win independently. Announcements via company websites, social media, via publicly released press releases, and through local and national press are all great ways of maximising the exposure which can be gained from such an amazing achievement. If you have need of further advice, on how to gain maximum exposure from your win, please feel free to get in touch. We are happy to assist our clients with their needs.

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