The Fiver Challenge Returns!
Following on from a successful first year, the Fiver Challenge, supported by Virgin Money, has opened for registrations.
Schools and centres can sign up at www.fiverchallenge.org.uk
To launch registrations, a group of primary school children donned their best suits and took over the Bank of England for the day.
Pupils from Rushey Green Primary School went to work at the Bank, inspecting the new five pound notes and learning about banknotes from the Chief Cashier, Victoria Cleland.
Victoria Cleland, Chief Cashier, Bank of England said: “The Fiver Challenge is a fantastic opportunity for children, from a young age, to be involved in enterprise, teamwork and also to understand the importance of money.”
Michael Mercieca, Chief Executive, Young Enterprise said: “The Fiver Challenge engages with children in the crucial years when financial behaviours are so often formed. It is a fun and motivating activity that encourages primary school-age children to start thinking about the value of money, spending and enterprise. In the practice of setting up mini-companies, the children learn the skills and business know-how that will help equip them for the future.”
Sir Richard Branson said: “Virgin Money and I are really excited to support the Fiver Challenge for a second year – a scheme which encourages entrepreneurship from a young age and gets children excited about business.
“The Challenge gives children an opportunity to make financial decisions, take responsibility, work well in a team and arms them with the skills to problem solve. If you did not do it last year, sign up your school!”