Registrations for our national Fiver Challenge are now open.
The Fiver Challenge is aimed at primary pupils aged five to 11-years-old, and runs from Monday 15th May until Friday 9th June 2017.
The Challenge provides a fun and highly interactive way of introducing financial numeracy, resilience and teamwork in primary education.
Pupils have one month to set up a mini business and create a product or service they can then sell or deliver at a profit and engage with their local communities.
Step 1: Here's a fiver!
Each business is pledged £5 from the Fiver Bank. There is a maximum payment of £250 per school/organisation. Please be aware funds are limited and will be allocated on a 'first come, first served' basis.
Step 2 - Get it going
They use this start-up capital to get their enterprise off the ground, working as a group or on their own.
Step 3 - Keep it going
They have the whole month to make as much profit as they can from their fiver whilst also aiming to engage with the local community.
You'll have access to online resources which explain the challenge and includes activities for curriculum support, case studies and more.
Pupils have a downloadable workbook to help them keep track of their progress, as well as a logbook which they can use to enter the national competition.
Step 4 - Payback ... for the future
At the end of the month, the teams work out their finances and repay their pledge.
This means that the £5 pledge is repaid + a suggested 50p legacy donation to the Fiver Bank so more young people can participate in the future.
Step 5 - Keep the profit
The participants are in full control of the profits they have earned and should decide themselves what they would like to spend them on - for example, donate their money to a charity or local cause, activities for school or the classroom, or a school trip or day out.
The Fiver Challenge is not only about creating a business, but also about making a positive difference to young people, in schools and local communities. What better way to showcase this than with some friendly competition?
Throughout June there will be weekly competitions to keep young people excited, engaged and motivated. These are simple to enter and aim to showcase all the hard work that teams are doing.
The weekly competitions are linked to different stages of the business set-up and only require an upload of image or video clip.
Our Vision is for Scotland to have the most entrepreneurial and enterprising young people in the world.
Our Mission is to inspire and equip young people to learn and succeed through enterprise.
In everything that we do, we will work with the following values: Integrity, Enthusiasm, Creativity & Collaboration.
Young Enterprise Scotland
Rouken Glen Centre
Rouken Glen Park
0141 406 7722
0141 406 7722
0141 406 7722