Thanks to funding from Sanctuary Housing, students are gearing up to start the £50 Challenge, run by Sheffield-based arts charity Ignite Imaginations.
Starting next month, groups will be tasked with growing £50 over the course of 12 weeks with a creative business idea.
The pupils will be supported by Ignite Imaginations staff through a series of targeted sessions to develop their idea into a product or service which they will then take to market.
The aim of the project is to teach the young people abilities that are essential for future entrepreneurs such as organisation, teamwork and thinking creatively. The participants will also learn life skills such as successful budgeting and time management.
A similar project earlier this year saw the winning group of Year 10 students from Firth Park Academy use their idea of a bake sale to turn a profit. They received certificates and prizes of cinema vouchers at an award ceremony.
Melanie King, Sanctuary’s neighbourhood partnerships manager, said: “We’re always looking for new and creative ways to support our residents in developing employability skills, and the £50 Challenge looks set to be really worthwhile for the students involved.”
Ignite Imaginations project co-ordinator, Charlie Barnes, added: “We’re really excited to run the £50 Challenge again. The project was a great success last time and we’re looking forward to building on this and seeing what the results are this time around.”
This project is funded by Sanctuary’s Community Investment Fund, supporting projects which benefit Sanctuary residents and their communities.