A Shiregreen school will give its pupils a taster of life as new business owners, thanks to funding from Sanctuary Housing for the £50 Challenge.
Growing £50 into a business
Students from Year 10 at Firth Park Academy will start the project, run by Sheffield-based arts charity Ignite Imaginations, next month, where two groups of teens will each receive £50 with the task of growing it over the next six weeks.
Take product or service to market
The pupils will be supported by Ignite Imaginations staff through a series of targeted sessions to develop their idea into a product or service which they will then take to market.
Teach important abilities
The aim of the project is to teach the young people important abilities that are essential for any future entrepreneurs such as organisation, teamwork and thinking creatively. The teens will also learn life skills such as successful budgeting and time management.
“We’re looking forward to seeing what the students come up with”
Ignite Imaginations project co-ordinator, Charlie Barnes, said: “We’re really excited to run the £50 Challenge, it’s the first time we’ve done it and we’re all looking forward to seeing what the students come up with.
“Hopefully the pupils involved will get a lot out of the project. They’ll also be benefiting from the experience of guest speakers from the creative industry who will be coming in to offer them support.”
“Looks set to be really worthwhile for the students involved”
Melanie King, Sanctuary’s neighbourhood partnerships manager, added: “We’re always looking for new and creative ways to support our residents in developing employability skills, and the £50 Challenge looks set to be really worthwhile for the students involved.”
This project is funded by Sanctuary’s Community Investment Fund, supporting projects which benefit Sanctuary residents and their communities.