Two budding entrepreneurs from Grasby Primary School have travelled to London to receive an award from Sir Richard Branson.
Ella MacPherson and Isabel Laycock won the Best Community Engagement award at the Fiver Challenge Awards Ceremony.
For the challenge, the 11-year-olds were pledged £5 and had one month to set up mini-businesses, make a profit and engage with their local community.
They formed ‘Bits and Bobs’ creating handmade and sewn gifts for all ages.
After being presented with their awards by Sir Richard and Lord Young of Graffham, Enterprise Adviser to the Prime Minister, Grasby teacher Angela Rowlands said: “The girls showed great initiative throughout the challenge.
“They offered samples and took feedback to perfect their products and sought advice from a local gardening expert regarding the best herbs and spices to use to fill their hand sewn bags.
“They also acquired old socks from members of the community which they turned into hand sewn phone cases.
And the girls agreed they had learned a lot during the challenge.
“It’s quite difficult to have a business because you have to be really organised and know how much money you have at all times,” said Ella.
“Our biggest achievement was when we sold out in a day at the fair,” added Isabel, “and none of the other Young Enterprise children did that.”
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The Fiver Challenge is run for primary school pupils by Young Enterprise, the UK’s leading enterprise education charity, and supported by Virgin Money and the Department for Business, Innovation and Skills.
Sir Richard said: “The Fiver Challenge is a great way to introduce young people to the idea of enterprise and enable them to develop key skills like team work, communication and creativity. They also get to see what can be achieved from such a small sum of money and how that small sum can quickly grow.
“We’ve seen some really innovative ideas here today, and I’m hugely impressed with what the pupils have achieved.”
Lord Young said: “Enterprise education is about more than teaching children to be entrepreneurs. It is about encouraging them to develop qualities, skills and a positive outlook that will benefit them in life.
“Fiver shows that primary school children can be introduced to enterprise education and enjoy the challenge of setting up mini-businesses.”
Also present was Michael Mercieca, CEO of Young Enterprise, who added: “This is the first year of the Fiver Challenge, and seeing what these pupils have achieved with just £5 is very inspiring.
“Young Enterprise empowers young people to develop key skills such as communication and resilience that will help them throughout life and Fiver is the perfect introduction to that.”
Next year’s Fiver Challenge opens for signups at www.fiverchallenge.org.uk in March 2015, with the competition taking place during June.
Teachers can register their interest in advance by emailing firstname.lastname@example.org.