Pupils work to ‘grow £5’

Bede Academy pupils receive their cash boost from Virgin Money.

Bede Academy pupils receive their cash boost from Virgin Money.

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Students have been inspired by one of the world’s most dynamic businessmen in a programme designed to promote entrepreneurial zeal.

Sir Richard Branson’s Virgin Money has lent Year 5 students at Bede Academy Primary in Blyth, £5 with which to launch their own mini enterprises.

They will have the next three months to come up with money-making ideas, organise a product or service and make a profit before paying back the interest-free loan to Virgin Money.

Virgin Money team leader Angela O’Shea said: “Sir Richard Branson started when he was young with very little and now has a company that operates a bank, airline, train service, music industry and is even exploring space travel.

“Make a Fiver Grow seeks to ignite little brains so they become the next generation of entrepreneurs.”

Teacher Louise Elliott added: “It is a great opportunity for our students.

“They can choose anything they like but must allocate the money wisely so they return a profit.”