A team of budding young entrepreneurs from New Hall School are going head-to-head with students across the country, as Peter Jones announces the official start of trading for his nationwide enterprise competition, Tycoon in Schools.
The competition stakes are high, with Tycoon in Schools seeing almost 400 businesses created by children as young as five, all 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. The hampers offer “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 will be donated to the local homeless charity, Chelmsford CHESS.
The budding young tycoons received £867.96 in funding from Peter Jones to kick-start their businesses, as part of his aim to give young people experience of starting and running a small business.
The New Hall team are 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 said: “I am thrilled that New Hall School in Chelmsford is taking part in 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.”