there's a short story club blog here and forum and details of a competition here
It appears to be open to everybody and there’s a chance to get your story published online in The Telegraph, in Louise Doughty’s column, then be shortlisted for an end-of-year prize which involves some dosh as well as meeting literary agents. Basic details below, more on the link above and by moving around the links on the right of their page.
By Louise Doughty “Entries should be emailed to firstname.lastname@example.org by the last calendar day of each month. The winner will be announced in my column in Telegraph Review as soon as possible after that date. Entries should be no longer than 2,000 words. They can be on any subject but must be your own original work, not breach anyone else’s copyright etc. When you enter your story, you are agreeing to it appearing online here at the Short Story Club for the duration of 2012. You are also agreeing that, if you are that month’s winner, you are automatically on the shortlist for the end-of-year prize of 500 pounds and publication in Telegraph Review.We’re not looking for any particular sort of story or any one style, just good writing – good luck!