A prestigious business competition designed to give a local entrepreneur a retail start- up opportunity has descended into chaos.
Fife Council, who ran the ‘Dragon’s Den’ style competition in conjunction with Kingdom Shopping Centre owners and management team, have been left without a winner after all four finalists were deemed unsuitable.
The Gazette understands that the business chosen following a series of interview pitches in front of the panel of four judges, was found to be in direct competition with an existing business within the immediate vicinity.
Organisers have now been forced to rethink the project to see if they can salvage any aspects from it.
The competition was launched in March to find a budding local entrepreneur with the chosen business having gone through a rigorous selection process, modeled on that of the hit BBC2 TV show ‘Dragon’s Den’.
Councillor Altany Craik, chairman of Glenrothes Area Committee and one of the four judges, told the Gazette: “The recent Glenrothes Business Competition generated a lot of interest from local entrepreneurs and we were delighted to meet with four finalists earlier this week.
“Due to a number of factors we have now decided to re-run the competition to trade in Unit 10.
“Very positively however we are also working with finalists to support moves into the Kingdom Centre in other locations and I hope we will see more successful trading soon.”