Leeds West MP Rachel Reeves met budding entrepreneurs from Beecroft Primary School who have been running the school’s Enterprise Club.
The Enterprise Club, organised by the school, was issued with a £100 donation from Virgin Money to be repaid once the enterprise was completed. This money was then shared between three groups of year six pupils who were tasked with designing, creating, and selling a product of their choice and making a profit in 12 weeks.
The children took on the challenge with enthusiasm creating bracelets, key chains, and affordable, colourful school supplies over several weeks.
Through this the children were able to learn about budgeting, conducted research into the types of products they wanted to create, and purchased resources to make their designs. The final session of the Enterprise Club was a playground sale where the finished products were sold.
In the end, the Enterprise Club raised £260.17 of which £100 was paid back to Virgin Money. The left the Enterprise Club £160.17 – a profit of over 150%.
Shadow chancellor Ms Reeves said: “I think it’s wonderful that schools like Beecroft offer children opportunities to learn about research and budgeting. These are vital skills that are necessary in every walk of life. I was shown some of the designs the Enterprise Club created and the children should feel proud of their hard work and effort.”