Stephen Rapoport, founder of Pact Coffee was announced the first-ever Investec Food & Drink Entrepreneur of the Year.

The award was handed out at a reception at the House of Commons last night, attended by guests including Julian Metcalfe of Pret a Manger, Lord Bilimoria of Cobra Beer and Chantal Coady OBE of Rococo Chocolate.

Investec Food & Drink Entrepreneur of the Year was launched by The Food Awards Company and partnered with the Business is GREAT Britain campaign, to showcase innovation in the sector and to celebrate the person behind the brand.

The shortlist included Simon Smith of The Saucy Fish Company and Jenny Dawson of Rubies in the Rubble. However, the judges decided Rapoport, deserved the prize“for genuinely differentiating in crowded market place and having the courage to try something that hasn’t been done before”.

He was presented with a trophy and cheque for £5,000 by Luke Johnson.

Founded by Rapoport in 2011, Pact is a coffee subscription service which uses an online questionnaire to gauge customer preferences.

He set up the business after selling his start up Crashpadders to Airbnb.