Kids show enterprise as fivers add up to £841

ach child was loaned �5 from Virgin Money for the Make �5 Grow enterprise.
ach child was loaned �5 from Virgin Money for the Make �5 Grow enterprise.

As part of an all-class project, Class 4 at St Martin’s CofE School in Fangfoss, recently took part in an enterprise initiative from Virgin Money called Make £5 Grow.

The bank loaned each child £5 for the project.

Children at St Martin's CofE School in Fangfoss with their certificates.

Children at St Martin's CofE School in Fangfoss with their certificates.

The 21 children in the Year 5/6 class then got into nine teams and came up with money-making ideas.

One group baked buns, biscuits and flapjacks while another group sold bird feeders and bird tables made from recycled pallets.

Yet another young entrepreneur – who traded under the name of Fangfoss Rocks – sold painted stones.

For five weeks, the teams sold their products weekly after school and one lucky team was invited into the York Virgin Bank branch to sell a selection of the class’s wares.

Children offer squishies and key rings during the project.

Children offer squishies and key rings during the project.

At the end of the five weeks, the loans were paid back to Virgin Money and the class had made an amazing profit of £841.15.

During the project the pupils learnt about enterprise and the importance of team work. They generated their own ideas and learnt about market research.

Class teacher Theresa Brindley said: “This is always a worthwhile project.

“The children get so much out of it and I’m always amazed at the products they produce.”

The children were delighted with how well they did and Year 6 pupil Edie said: “It was a great sales experience.

“We got a lot of good advice from the bank and learnt a lot about running a business.”

Head teacher Paul Edwards said: “The pupils have done remarkably well and I’m very proud of them.

“The scheme with Virgin Money is a great way to enrich our curriculum and the pupils have developed some valuable skills for later life.

“The money will be spent on a class trip and will probably stretch to an ice cream each too!”