Make £5 Grow is a completely free programme aimed at children aged 9-11 but younger and older children can take part too!
Virgin Money provides lesson plans, fun activities and resources to support your pupils and a £5 loan per pupil if required.
To make the programme as flexible as possible, you could carry the programme out using £5 and have each member of the team own a certain area of the business, such as one creates the logo, one looks after the marketing, one looks at the sourcing. When the final business has come together and it comes to selling, this could be distanced where their items are left on display at school for pupils / parents to visit with an honesty box or done virtually with friends and family using video calling / dropping items at the door.
Or you could use a virtual £5 and create a full plan of what you would make and sell which could be carried out when restrictions are fully lifted.
At the end of the programme the school keeps all profits made once the initial loan has been repaid.
The resources we provide enable you to undertake a series of simple modules which explain:
It's very flexible and can be run over just a couple of weeks and before you know we will have some budding entrepreneurs of the future!
Once you sign up you will receive access to all of your online resources, a parcel will be sent with your pupil packs, parent flyers, certificates and cheque
You start to work through the modules to develop and plan your business venture
Time to present your ideas and get feedback!
Time to put your plans to the test and try creating your product or service
It is time to think about how you can sell your product or service in the future
Which ever route you have taken to create your business plan, it’s time to celebrate your achievement. This may be the beginning of your future as an entrepreneur!