Tenner challenge raises £361 for Young Enterprise
A massive £361 has been raised to support Young Enterprise's Tenner Challenge for local schools in 2017.
Four teams battled it out with Finance being crowned the competition champions after raising £151 from their 'business'. Each had just £10 seed capital which the finance team, 'Northern Rock Cakes' led by trainee assistant accountant Matt Oliver, turned over by doing house clearances, selling antiques and refurbishing bikes and benches!
Ruddington scooped the prize for 'Best marketing' for their eye-catching display in branch and effective social media campaign whilst Loughborough gained the 'Best innovation' prize for their unique recipe book made up of all their customers' favourite treats. Branch manager Katie Brown said “We really enjoyed the task and found it was a great teamwork challenge. Thanks to all our lovely customers that contributed.”
Groby walked away with the 'Best business idea' prize after raising £60 from their 'Bow and Arrow' car wash in just one afternoon.
Caitlin Ashdown from Young Enterprise added “Thank you so much to everyone at The Nottingham taking part. Their involvement means that many more young people benefit from our practical programmes which help young people develop skills they cannot learn from a textbook.
“Around 850,000 young people in the UK are Not in Education, Employment and Training (NEET). That’s one in seven people aged 16-24 who are at a greater risk of social exclusion, reduced well-being, income inequality and reduced prospects.
“We want to change that. Through our hands on employability and financial education programmes, resources and teacher training we want to eradicate youth unemployment and help young people to realise their potential. We’re so much closer, thanks to businesses like The Nottingham.”
Funds raised will be distributed to schools close to locations that took part to enable 36 local school children to take part in the Tenner Challenge scheme in March next year.
Each year we financially support ten local schools enabling them to take part in Young Enterprise’s Company Programme, volunteering around 500 hours to support students’ learning. To find out more, visit our Young Enterprise page.