Fiver Challenge 2015
Young Enterprise, in partnership with Virgin Money and the Department for Business, Innovation and Skills (BIS), is providing thousands of primary school children in the UK with a £5 loan for the second year running through the Fiver Challenge.
The purpose of the loan is to challenge young people to set up mini businesses to create products or services they can then sell at a profit - which they are allowed to keep - and then return the original loan to the Fiver Bank. It is designed to encourage school children to develop important entrepreneurial talents and help equip them with basic skills for later life.
The Challenge is open to all UK organisations that are dedicated to young people aged 5 - 11 years. For example:
- Primary schools
- Brownies and Guides
- Cub Scouts.
Organisations will be provided with £5 for every pupil taking part.
The deadline for entries is 5 June 2015.
Once participants have completed the Challenge, organisations can select the top three overall participants or teams for submission to the National Competition. Each winner will receive a trophy and a trip to London to attend an award ceremony.
The deadline for the national competition is 3 July 2015.