Tenner Challenge is Young Enterprise’s FREE national challenge for secondary schools.
Target age group: 11 – 19
Key stage: 3, 4 and 5
Group size: flexible; individuals, class or year group
Length: Up to 4 weeks
Tenner Challenge provides a highly interactive way for students to develop key skills including creativity, resilience, and problem solving, using real money to take calculated risks in business. Students (11-19) are pledged £10 and have one month to set up a business – coming up with an idea of a product or service they can sell and gain first-hand experience of what it’s like to be an entrepreneur.
How it works
- Here’s a Tenner! Each young person is registered £10 from the Tenner Bank
- Get started. Participants use this start-up capital to get their business off the ground, working alone or in a group
- Keep it going. Young people have four weeks to make as much profit as they can from their Tenner while also aiming to create a social impact
- Keep the profit. Participants are in full control of any profit they make and decide what to spend this on
- Payback for the future. At the end of Tenner participants enter the National Challenge and pay back their £10 pledge plus a £1 legacy donation
Young Enterprise can help kick start your Tenner Challenge by running a half day Masterclass for your participants. Find out more about the Tenner Challenge +
Key educational benefits
Tenner helps you offer a broad and balanced curriculum that prepares students for life in the UK by:
- Contributing as an integral part of a whole school/college stable careers programme and supporting the Gatsby Benchmarks of Good Careers Guidance
- Promoting employability skills – supporting Ofsted requirements and helping pupils prepare for the next stage of education, training or life in the workplace
- Providing practical opportunities to explore financial mathematics and problem solving in real contexts
- Supporting PSHE – enabling participants to make informed decisions to be enterprising and ambitious
- Providing a real business opportunity to explore a range of career opportunities
- Allowing students to become active citizens through giving back to their school and communiyu in choosing how to use their profits
- Access to online support materials including ideas and inspiration, activities, case studies and guidance
- Weekly competitions and a national competition
- Access for you and your students to an online logbook to track progress
- Online step-by-step guidance and resources to support teachers and students with ideas, inspiration and motivation
Supports the Welsh curriculum:
- Helps students explore the role of enterprise and developing entrepreneurialism – contributing to the Careers and World of Work framework
- Inspires and motivates participants for the world of work and adult life – supporting the Enterprise and Employability Challenge element of the Welsh Baccalaureate
View further information on how this programme supports good career guidance, employability and enterprise education.
84% of teachers were attracted to the Tenner Challenge for the ‘real experience’ it offers to young people
82% of participants felt Tenner provided them with a unique opportunity to learn and achieve new things
Ready to sign up for the challenge?
11-19 year olds can take part through their school, college or youth organisation – teams must be registered by a teacher, lecturer or leader.
The Tenner challenge takes place between 27th February – 24th March 2017.
Registration to take part in the Tenner Challenge closes on 27th February 2017
Sign up at: www.tenner.org.uk