The Express & Star has written to all those who have entered to explain the difficult decision taken the light of the ongoing situation surrounding Covid-19.
The awards were launched in January, with the presentation night initially due to take place at Wolverhampton Racecourse on June 11, but this was postponed because of the Government restrictions over the pandemic.
Editor-in-chief Martin Wright has now confirmed that this year’s event will be cancelled.
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“We are seeing many businesses facing some very difficult trading conditions, and this is the time to support them through the newspaper as they deal with the challenges posed by the coronavirus pandemic,” he said.
“Over the last few weeks we have been monitoring the Government advice and our events team has explored possible plans to enable this year’s awards to go ahead. However, we feel the best action to take, with the current unpredictable circumstances, is to cancel the Express & Star Business Awards 2020.
“Our business awards remain a key event on not only our calendar, but on the calendars of many businesses across the region. However, it is an event that takes many months of meticulous planning and preparation.
"With so many uncertainties surrounding the current lockdown period, and given the timescales involved, we have made the decision that our energies need to go into supporting businesses as they work through the current challenges.
"We will be continuing with the event next year, subject of course to Government updates and advice regarding coronavirus.”