Fiver Challenge - Young Enterprise & Young Money

Our Mission & Vision

We believe that the potential of the UK’s young people is unlimited. Through our work we help them discover, develop & celebrate their skills

Find your local YE

Young Enterprise and Young Money work across the UK delivering enterprise and financial education programmes. Find us in your local area

Enterprise Education

Young Enterprise helps young people develop the life skills, knowledge & confidence they need to succeed in the changing world of work.

Financial Education

Young Money (formerly pfeg) is a trusted and valued provider of knowledge, resources & training to anyone teaching young people how to manage money.

Alumni Network

Over 4 million young people have taken part in Young Enterprise. Join our alumni network to continue learning, growing and supporting YE

Become a Corporate Partner

Working with Young Enterprise and Young Money gives you the opportunity to directly support and inspire young people

Policy Hub

We aim to make sure every young person is given the opportunity to develop crucial financial management and employability skills.

Our Impact Reports

We are committed to evaluating the impact of our programmes, helping us to build our thought leadership in both Financial and Enterprise education

FIVER CHALLENGE

The Fiver Challenge will take place from the 6th June to the 1st of July in 2022. Young people aged 5-11 are pledged £5 and have one month to set up a mini student business and create a product or service. The programme provides a highly interactive and fun way of introducing enterprise and financial education and key skills developed include problem solving, confidence, creativity and
teamwork.

The Fiver Challenge

The Fiver Challenge is designed to run across four weeks and offers an excellent introduction to enterprise and the world of work.

The Challenge is an excellent way to introduce young children to ideas about the work they might do in future, to help raise aspirations, and develop positive attitudes to work from an early age. Since 2020 over 64,000 pupils have participated in the Fiver Challenge across the UK.

More about Fiver Challenge

WHAT TEACHERS SAY

“The Fiver Challenge has been a fantastic initiative – the children have worked collaboratively and organised themselves superbly. They all broke even or made lots of profit! A fantastic initiative which we will take part in again next year.” – Teacher

WHAT STUDENTS SAY

“The best part was when we raised more than we thought we would. It gave a sense that by working together we could accomplish so much more and not to limit ourselves.” – Young person

Learning outcomes:

Insight into how businesses are structured and the different roles and career opportunities that exist
Understand how businesses can act as social enterprises and give back to the community
Experience the benefits of working as a team – recognising and using skills of other team members
Develop an enterprising mindset, and skills for the future
Gain self-awareness to recognise personal strengths and preferences, and how this can be demonstrated to future employers
Develop an understanding of how to manage finances in a real life context

Funding for this Programme

We are delighted to have Principality Building Society as our partner for the Fiver Challenge within Wales. This partnership that will see us work collaboratively to ensure that more schools and pupils across Wales get the chance to gain valuable entrepreneurial skills.

Funding for this Programme

As a national independent charity, we rely on raising funds to deliver all of our programmes. If you are interested in supporting Fiver, please get in touch with Anita O’hara

Last Year’s Showcase

Last year’s Fiver showcase displayed the winners and runners up from the 2020 Fiver challenge. This year was a little bit different as Fiver changed the challenge to make it “Fiver from home”.

Russell Winnard – Director of Programmes and Services, runs through the innovative ideas from the narrowed down list of participants out of the 38,500 young people who took part in the challenge. This includes the fantastic entries from those selected by the judges, as well as a special appearance from ex Fiver winner and Young Enterprise board member Carl Reader