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Young entrepreneurs generate £33k

Young entrepreneurs generate £33k

Tuesday 28 May 2019

Young entrepreneurs generate £33k

Move along Apprentice candidates...Young entrepreneurs from across the Channel Islands have proven their business prowess by scooping profits of £33,000.

The money was generated after 80 teams from Jersey and Guernsey secondary schools were each given a start-up loan of £100 as part of the Channel Islands Student Business Challenge.

Each then came up with their own unique business idea, ranging from selling plants to candles and clocks, which they then grew with the help of mentors from Barclays, EY, Ogier and Sure.

Six schools in Jersey took part, with a four-strong team of boys from Grainville - Team Fusion, who sold handmade animal-themed key rings and magnets - crowned as the overall winners in a ceremony at the Royal Yacht last week.

The 'Community Winner' also came from Grainville: 'New Light', who collected recycled jars and candle wax from the local community for their enterprise.

Other participating Jersey schools included Beaulieu, Haute Vallée, JCG, Les Quennevais, and Victoria College. Meanwhile, three schools in Guernsey took part: Grammar, La Mare de Carteret and St. Sampson's.

But it could be said that the real winners were local charities. The JSPCA, Durrell and Jersey Hospice are all set to benefit from a slice of £7,500 of the teams' profits.

Video: Overall Jersey winners Team Fusion.

John McGuinness, Executive Headteacher at winning school Grainville and Haute Vallée, commented: "The students who participated in this year's challenge have been on a steep learning curve. They have developed their teamwork, financial understanding and started to develop key business skills which will stand them in excellent stead in the future. They've also had a lot of fun."

Paul Savery, Barclays' Managing Director for corporate partner Barclays, added: "All the teams have generated an impressive return on investment in a very short space of time and they should be very proud of themselves. The judges were enormously impressed with the hard work and entrepreneurial spirits of the winners."

Jersey's full list of winners...

Overall Winner Team Fusion from Grainville School
Overall Community New Light from Grainville School

Profit Awards
Beaulieu: Sticky Paws
Grainville: New Light
Haute Vallee: Tick Tock Now It's A Clock
JCG: Books for Cooks
Les Quennevais: Waxcrete
Victoria College: Natural Designs

Marketing Awards
Beaulieu: Light Up a Life
Grainville: Team Fusion
Haute Vallee: Jersey Creations
JCG: Lumiere
Les Quennevais: Bee Happy
Victoria College: Heat Pack Kids

Special Award
More From The Shore from Grainville was awarded in recognition of the "outstanding quality" of their sea glass and pebble pictures.

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