Smoothie tycoon has £1m to give to entrepreneurs

Businessman Richard Reed could hand out as much as £1 million to young entrepreneurs in a new television search for the country’s next generation of business brains.

Mr Reed, one of the co-founders of drinks brand Innocent Smoothies, will host Be Your Own Boss on BBC3.

Applicants will be given money by Mr Reed and tasked with turning a profit – and there is more money available for them if they do well.

He said: “Setting up and running Innocent with my friends has been a life-enhancing adventure. That’s why I’m excited to be part of this new series giving others the chance to have the same experience, starting their own business and setting them up to become successful entrepreneurs.”