Each pupil was given £5 to start a business with and in teams they channelled their inner entrepreneurs and created products to sell in the hope of generating a profit.
The Year Five class devised and produced a range of products including slime, fudge, pizza, fruit kebabs and pencil toppers which proved very popular.
After successful sales all-round, the children were given the option of keeping all of their profit or donating it to charity, and 14 pupils decided to donate their profits to the Big C charity, as one of the pupils’ father is battling the disease.
Archie Harris, Year 5 pupil at Mundesley Junior School said:
I really enjoyed taking part in the Make £5 Grow programme and had great fun coming with ideas as to what I could make and sell. I and some of my classmates decided to donate our profit to the Big C as my daddy has cancer and we wanted to do a good thing to help the charity. Thank you to everyone who bought what we made.”
Zoe Harris, whose son Archie took part in the scheme said:
My husband has a rare cancer which he has had for over 3 years now. Since diagnosis I have done lots of fundraising for small cancer charities. The children including my son who took part in Make £5 Grow at Mundesley Junior School were given the option to donate some of the profits to a charity. 14 of them decided to donate to Big C Cancer charity, a charity who help people living with cancer in Norfolk and Waveney through their support and information centres. They have also been offering support to our family. Make £5 Grow is an amazing initiative and really makes a difference in small communities.”
The programme offers schools a loan of £5 per child, support from Virgin Money and a suite of curriculum-based classroom tools. Teams are encouraged to use the money to set up mini-businesses selling products or services. Through this the children learn all about the world of work, what it takes to be successful and they also gain important financial awareness. The schools are allowed to keep any profit made after repaying the loan.
Since its launch in 2011, the Make £5 Grow programme has gone from strength to strength, with more than 95,000 young people taking part.