Everything there is to know about Make £5 Grow.
Do the pupils get anything for taking part?
Every school that signs up will receive pupil packs for every child taking part. These packs contain a wristband, badge and leaflet for each pupil and a leaflet for their parents. The school will also receive certificates for each pupil that can be issued after they have completed the programme.
Who can participate in Make £5 Grow?
The programme is open to all schools with pupils aged 9-11, although younger and older pupils can take part too, at the school's discretion.
We have more than one class that would like to take part, can we still run the programme?
Yes - each teacher can fill an application form in and receive up to £250 (50 pupils) per class.
I'm a parent can my child take part?
Yes, the school your child attends just needs to register online.
I am a home educator, can my child still take part?
Yes of course, we want to support all young people develop the important skills and financial awareness this programme offers. There are a couple of things to note when signing up. You will need to enter your address details manually as we only hold school addresses in our database. We can only issue the £5 to schools and other youth organisations but we will provide all pupil packs, online teaching resources, and support.
Do pupils work alone or in teams?
We recommend the pupils work in teams but we leave that decision up to you.
What if I don't make a profit?
The original loan needs to be repaid as per the agreed T&Cs. If there is a concern over whether a profit will be made or not, please get in touch via Make5Grow.
Where can I get ideas on what kind of business to set up?
Take a look at our downloadable Factsheet which includes a section on how other schools have taken part in the programme.
When can I run it?
Schools can start the programme any time that works best for teachers and pupils. Simply input the desired start date when filling in the application form and you will have 12 weeks from that date to complete it. If you need longer just let us know.
How much does it cost?
Nothing. Its is a free programme, the school simply need to repay the original loan amount at the end of the programme.
How does the school decide how to spend the profits made?
It's up to the school to decide how to spend the profit made. Some schools have used this to buy school equipment, to take the class on a day trip, have a celebration party, or have made a donation to a local charity. It's usually a good idea to involve the pupils in the decision at the beginning of the programme.
Is there anything that pupils can't do with their £5?
Please review our Terms of Understanding, and your school's public liability for restrictions.
Can we make and sell food/drink products?
Yes of course, as long as this fits with your school's public liability insurance.
What skills do pupils gain from the programme?
There are many skills gained from running the programme. It improves teamwork, problem solving, financial and risk awareness, leadership, maths, literacy and creativity. Pupils also develop an enterprising spirit, so it's ideal for the PSHE part of the curriculum.
Who do I contact if I need further help?
Please feel free to contact the Make £5 Grow team.
Can we run the programme for longer than the 12 weeks?
The programme is designed to be completed within 12 weeks. However, if more time is needed please get in touch and let us know the new end date.
Can more than one class run the programme?
Yes, if another class wants to run the programme simply complete a new application form.
Can other year groups take part e.g pupils aged 8 or 12?
Yes, although the programme is designed for ages 9-11 it can be completed by younger and older year groups. We would recommend viewing the lesson plans and adapting to the year group accordingly.
I would like to run the programme but won't require any funds, can I still get involved?
Yes of course, you can still have access to the programme and all of the help and material that comes with it, simply complete the application form and specify 0 in the "amount required" field.
What is the address to send the cheque back to and who do I make it payable to.
You will need to complete the funds return form, adding your unique reference number we sent you on the initial Welcome email. You should send this with a cheque made payable to Virgin Money with the unique reference number written on the back, to:
Make £5 Grow
Newcastle upon Tyne
How do we receive the loan?
The loan will be sent in the form of a cheque together with the children's packs approximately 3-5 working days from the date that you receive confirmation of acceptance onto the programme. The cheque and childrens' packs will be delivered in the same box by courier.
How much can we have?
The maximum loan amount for a school that has not previously ran the programme with us is £250. It is possible to enrol more pupils on the programme, although the maximum loan amount remains the same.
However, if the school has previously ran the programme and want to borrow more than £250 then select the appropriate option on the application form.
Can we use social media?
Yes, it would be great if Make 5 Grow trended - #Make5Grow. Please note, any social media activity should come from the school due to the age of the participants.
I have registered my school, what happens next?
We will now verify your application and send your cheque and children's packs in the next 3-5 working days. You will also receive an email with your unique reference and link to all of the material needed to complete your programme.