LORD Sugar better watch out – he could have competition from a group of young entrepreneurs in Bishop’s Waltham.
Children from Bishop’s Waltham Junior School have been tasked with raising money for some new playground equipment.
Each of the 200 pupils was given £1 to invest in their own fundraising project, with the aim of generating as much money as possible.
The scheme, which has echoes of Lord Sugar’s TV show The Apprentice, is being run by the school and its Parent and Teacher Association (PTA). Headteacher Darren Campbell said: ‘It’s very similar to The Apprentice.
‘It’s about children being more aware of what they can do with money.
‘It’s something that we do every four years.
‘It’s up to them to devise a strategy to raise as much as they possibly can.
‘The creativity that the children have demonstrated in coming up with their own fundraising projects has been fantastic.’
Some children have used their money to buy ingredients to bake and sell cakes, or for a sponge to wash cars – and one child even offered massages for family and friends.
Some children asked local businesses for donations.
Before the pupils were able to invest their £1, a basic business plan was presented and approved by a teacher to ensure their safety during any fundraising activities.
‘Having taught the children some basic business principles in order to complete their plans the children are not only helping the school raise money but also learning some useful skills that could benefit them in later life,’ added Mr Campbell.
‘Once we identified a number of pieces of outdoor play equipment we wanted to purchase, we presented them to the children so that they had a clear goal to work towards in their fundraising endeavours.’
So far, around £2,800 has been raised although not all of the money has come in yet. The school is hoping to raise a total of £6,000.
The PTA has pledged to match any money that the children manage to raise.
The children will have the option of choosing additional equipment if they manage to raise more than their original target.