New Hall School launches ‘New Hall Hampers’ in Peter Jones CBE national enterprise competition, Tycoon in Schools for the first time
A team of budding young entrepreneurs from New Hall School go head-to-head with students across the country, as Peter Jones CBE announces the official start of trading for his nationwide enterprise competition, Tycoon in Schools.
The competition stakes are higher than ever as Tycoon in Schools sees almost 400 businesses created by children as young as five who are trading between Monday 30 October and Friday 15 December.
The four Year 13 students from Chelmsford will officially launch their business idea New Hall Hampers to market, which provides beautifully packaged locally sourced products from Essex, including Tiptree jam, biscuits and Christmas pudding, Laithcoats Farm apple juice, beer from Bishop Nick Brewery in Braintree, locally produced honey from Chelmsford and a festive bauble. All profits made from the hampers will be donated to the local homeless charity, Chelmsford CHESS, meaning that the business not only supports local businesses, but local charities too.
The budding Young Tycoons have received £867.96 in funding from Peter Jones CBE to kick-start their businesses, as part of his aim to give young people experience of starting and running a small business.
The team will compete in the race to be crowned winner of Tycoon in Schools 2017, going up against over 2,000 high-calibre students from schools and colleges spanning the length and breadth of the UK, from Elgin near Inverness in Scotland, to Helston near Penzance in Cornwall.
The quirky business ideas from across primary and secondary school teams range from upcycling businesses to the provision of film nights and e-sports tournaments.
Peter Jones CBE said: “I am thrilled that New Hall School in Chelmsford is taking part this year’s Tycoon in Schools competition which is providing school children across the country with their first taste of enterprise.
“I am very excited to see the innovative and creative business ideas come to fruition and wish all students participating from New Hall the very best of luck. Watch this space – we could have the next global business tycoon in the making!”
New Hall Principal, Katherine Jeffrey said: “We are proud of the entrepreneurial spirit shown by our young students in successfully pitching their business idea for the Tycoon in Schools competition. The scheme provides an excellent way for our students to engage in business practice, supporting their classroom learning in a real-world setting.”
Tycoon in Schools was started by Peter Jones CBE in 2012, as part of his campaign to foster a start-up culture through encouraging and supporting enterprise education in the UK. Underpinned by Peter’s mission to put enterprise at the heart of the education system, the competition has grown by a staggering 300 per cent since it was launched in 2012.
Since the competition launched, over 1,600 new businesses have been created by young people with thousands benefiting from over £375,000 in Tycoon in Schools start-up loans.