Firms are battling it out to raise funds for St Nicholas Hospice Care and be named champion in this year’s Towergate Accumulator Challenge.

During the three-month challenge, being held for the second consecutive year, businesses have each been handed �50, which they must turn into as much money as possible.

Any fundraising activity is allowed, as long as it is legal and fun for staff to do.

More than 25 firms are on board for the 2011 Towergate Accumulator Challenge.

Kester Cunningham John solicitors, which has offices in Thetford, signed up again this year, after taking part in 2010’s inaugural event.

Luke Hibbert, partner, said: “We enjoyed the challenge last year. We held a big cake sale in each of our offices which raised a few hundred pounds.”

Other firms taking part in the challenge include Barnham-based Andersons Wholesale and Elveden Estate and Farm.

Abby Mayes, hospice corporate fundraiser, said: “This event offers businesses excellent networking opportunities and encourages great teamwork and entrepreneurship.

“I can’t wait to see what fundraising ideas the teams come up with and who comes out on top.”

Last year, more than 35 businesses pitted against each other to be crowned champion, with Glemsford accounts Paul Donno & Co taking home the prize after raising nearly �3,000 from their �50 stake.

Overall the event raised �40,000, after event sponsors Towergate Risk Solutions match-funded the cumulative amount raised from the challenge.

The �50 notes were donated by Towergate. Prizes, in categories including most innovative idea and outstanding teamwork award, will be given out at the end of the challenge, in September.