An East Yorkshire Primary School’s entrepreneurial initiatives have caught the eye of billionaire Sir Richard Branson.
The business magnate and co-founder of the Virgin Group has highlighted Newport Primary School’s “Make £5 Grow” projects in his blog. As part of the programme – which Newport has been engaged with since 2020 – pupils are lent £5 and, in teams, develop a business idea to make their £5 grow, aimed at igniting their entrepreneurial spirit.
Newport Primary began with 30 ambitious pupils, and the project has now grown into a whole-school project, with 240 children having taken part over the years. The children’s creative enterprises to make profit have seen them making and selling jewellery and artisan soaps, delicious bakes, candy floss, ice creams, and running breakfast tuck shops.
Products were carefully designed, made, marketed, and sold – with children taking full ownership of each step, learning valuable lessons in teamwork, money management, and resilience along the way. One Year 6 pupil said: “The best part was seeing people love what we made.”
Another said: “It felt amazing to be in charge of our own little business. We learned so much and had loads of fun.”
On his blog, Sir Richard talks about why entrepreneurship should be taught in schools. He said: “I loved reading one story from Newport Primary School in England, who have participated in the programme since 2020.
“Their involvement began when a planned school trip to Northumberland was cancelled due to Covid restrictions. In response, the school set up a school camp-out, which grew into a larger entrepreneurial project.
“The students have since experimented with various business ideas, including car washing, homemade sweet treats, ice creams, making arts, crafts, and jewellery.” Ms Debby O’Connell, headteacher at Newport Primary, said: “The children have always really enjoyed getting involved in Make £5 Grow, and we see its value in teaching children entrepreneurial skills.
“Each afternoon, the playground buzzed with energy as stalls lined up to tempt customers. Children beamed with pride at their success – all while raising funds to support their school. The project has not only empowered children with entrepreneurial skills but has also planted the seeds of confidence, creativity, and community-mindedness that will serve them far beyond their school years.”
You can read more from Sir Richard Branson and why entrepreneurship should be taught in schools here.
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