Children at a Whitley Bay school are aiming to battle their way into a business boardroom.
Year 5 pupils at Valley Gardens Middle School are taking part in the fifth annual Newcastle Building Society Boardroom Charity Challenge, hoping to follow in the footsteps of last year’s winners from Shiremoor Primary School.
The financial education programme asks participants to develop business ideas focusing on benefiting their local community while also making a profit.
A total of eight schools from across the North East have signed up for the 2016 challenge, with a top prize of £1,000 on offer to the winning team to help them put their plans into action.
The Boardroom Charity Challenge is an ongoing financial education programme, developed by Newcastle Building Society, which aims to help young people learn about becoming more financially independent.
Andrew Haigh, chief executive at Newcastle Building Society, said: “As a mutual organisation, financial education has been a key focus for many years, and we believe that it’s never too early for young people to start learning about money – how to manage their money and how to make it work harder.
“Our Boardroom Charity Challenge gives us a wonderful opportunity every year to share our expertise in this area with hundreds of children across the North East and we’re already excited to hear about the ideas that are our teams are going to present to us this time around.”
“The enthusiasm of our young participants is always hugely impressive, and the quality of the ideas that they put forward always makes deciding which one deserves to come out on top extremely difficult.
“We’d like to wish the Valley Gardens team the very best of luck and look forward to welcoming them into our boardroom later in the year.”