The year 5 children have started Virgin Money: Make £5 Grow as part of their creative curriculum this half term.
Make £5 Grow gives young people aged between 9 and 11 years old the experience of starting a small business using a £5 loan from Virgin Money. The programme gives pupils an insight into how business works and helps them to build skills for the future, such as teamworking, problem solving, leadership, money management and creativity. Engaging, educational and great fun, it delivers key elements of the National Curriculum.
Pupils form groups and pool their money to design and develop a product or a service. At the end of the programme, the school will arrange for pupils to sell their product or services to other children and parents of the school. The year 5 children will keep any profit made by the pupils’ small businesses once the loan has been repaid.
We will let you know what the children have got planned in the near future.