Search of solution for fading economic growth of the UK can bring someone a prize worth 100000 pounds, Bloomberg reports.

This prize will be rewarded to the most successful participant of the contest initiated by the Institute for Public Policy Research.

The contest was announced a week after official forecast of the UK’s economic growth showed that it will not exceed 1,6% in next five years. Besides, last poll demonstrated that 23% of respondents think that the government will not be able to find new ways to stimulate demand.

The goal of competition is to propose radical ideas for recovery of the country’s economic growth in regards of quantity and quality. The Head of Bloomberg Economics will lead a contest’s judging committee. A outline consisting of 5000 words shall be presented until January 6th.