Pupils are making their money grow

Children in North Tyneside have shown their entrepreneurial spirit by setting up a business to benefit their school.

Langley First School in Whitley Ba, has been taking part in the Virgin Money ‘Make £5 Grow’ initiative – where youngsters are each given a £5 capital loan and asked to come up with a business plan to make it grow.

The four to nine-year-old entrepreneurs demonstrated business flair by setting up a healthy snack shop, running a jumble sale and selling decorated pebbles and jewellery.

As part of the scheme, the school is able to keep the profits after paying back the loan.

Headteacher Tim Jones said: “The project has been a great way to teach the children about the basics of business and for them to try out new skills, like financial management and marketing.

“They have been extremely enthusiastic and professional in their approach, and as a result they’ve been able to produce and sell some great products. They’ve really risen to the challenge.”