Mike will be joined by the amazingly talented Sam Lee, singer, teacher, song collector and promoter who picked up a Radio 2 Folk Award for Best Folk Club in 2010. They will no doubt be talking about Sam's new album Ground Of Its Own.
The competition is open to soloists, duos and groups. Entrants must be aged 15-20 and be resident in the UK. Download the entry form at bbc.co.uk/folk and send it off with a demo recording. Closing date is Friday 7 September 2012.
Ten successful entrants will be invited to attend the Young Folk Award Weekend in Kendal in October. A panel of judges will attend the concert and select four nominees for the 2013 BBC Radio 2 Young Folk Award. The eventual winner will be announced at the 2013 BBC Radio 2 Folk Awards ceremony early next year.