A NEW scheme aims to develop young entrepeneurs using just a fiver each.
The ‘Make £5 Blossom’ initiative is run by Rotherham Ready and sees business teams from the schools given a £150 loan from a business partner - £5 for each pupil in the class.
The teams will then develop a product for school or local community to make a profit - and ideally repay the loan in full.
Pupils from primary schools across Calderdale attended a training morning at St Mary’s School, Mill Bank, where they learned tips for developing successful businesses.
The participating schools are Rawson J&I, Christ Church (Pellon) CE VA, St Mary’s CE, Mill Bank, Salterhebble J & I, St Joseph’s RC Primary, Todmorden, and Elland CE (VA) J, I & N School.
They are being loaned the cash by local business partners including Harvey’s Department Store, Reginald Maude Ltd, JobLink Solutions (including Secret Millionaire Carl Hopkins), Latitude7, SimPrint and Your Rail Ltd.
The scheme aims to raise aspirations and develop essential enterprise skills for the world of work while bridging the gap between businesses and schools.
William Oxley, non-executive director for Youth Enterprise Services, which supports the scheme, said: “This is an excellent example of how local business can work with young people to develop their enterprise skills.
“We would encourage more businesses to get involved to support the next generation of entrepreneurs.”