Candidates to become Lord Sugar’s Apprentice will be competing for an even bigger prize when the show returns next year – the traditional job at one of Sugar’s firms is being replaced with a chance to go into business with the tycoon as equal partners.
Sugar says he will set up a new joint venture with the 2011 series winner, initially investing £250,000, with the winner deciding the type of business they want to set up.
Lord Sugar comments: “In the past years I was searching for a candidate to employ, now I am looking for a business partner. The good news is they won’t have to put any money into the new company, I will. With an injection of £250,000 of value into this start up company, this is an amazing opportunity for someone who will choose the type of business it will be.
“I will be looking for a person with some expertise who can demonstrate they have a good understanding of all facets of business, so as to take this venture to another level.”
Karren Brady, who made her The Apprentice debut in this year’s Junior contest will return alongside fellow Sugar aide Nick Hewer.
A sixth series of The Apprentice is set to air on BBC One later this year.