A new nationwide competition that gives primary school children a loan of £5 and encourages them to do something enterprising to grow their money was launched in 2014 by the Government to boost enterprise and entrepreneurial spirit in education.
Our children at Newton Farm School in Year 5 and Year 6 were involved in the Fiver Challenge and the school was provided with a loan of £5 for every pupil taking part. With that £5 the children created products and sold them to sell at a profit, which the school kept for further enterprise initiatives. The school will now return the original loan to the Bank after a successful selling event of their goods on Friday 12 December.
The children in Years 5 and 6 did a fantastic job and we would like to thank the parents and the rest of the children in school for coming to purchase some of the products made by the pupils.
At Newton Farm School we feel that it is important that our children gain the skills and experience they need to help them understand what it means to run a business and to do it successfully. It also prepares them for the real world when they eventually leave school and consider entrepreneurship as a career option for the future. The pupils demonstrated their excellent teamwork and problem solving skills during this project. Well done to all the Year 5 and 6 pupils!