Mark Reckless MP has announced his support for a scheme that sees school kids encouraged to start a business with just £10 each, in the biggest ever Tenner Tycoon challenge.
The Rochester and Strood MP is backing the landmark scheme, called Tenner Tycoon, which will see the campaigning charity Enterprise UK loan hundreds of thousands of pounds to young people across the UK to encourage them to start up their own businesses.
Participants in Tenner Tycoon will receive £10 and be challenged to make as much profit and social good as they can in a month.
Speaking of the scheme, Mark Reckless said:
“Tenner Tycoon is an innovative scheme which gives our young people in Rochester and Strood the chance to showcase their skills and ingenuity whilst gaining practical business experience. The programme’s relevance and importance has never been as great as it is this year – the year that aims to kick-start the ‘entrepreneurial decade’.
“Having visited a number of schools recently I know that there are many young people in this constituency with the potential to succeed. We need to support initiatives like Tenner Tycoon that aim to inspire the next generation of entrepreneurs and therefore ensure the future prosperity of Medway and the UK as a whole.”
This year, the challenge is to also ‘give something back’ and participants are encouraged to donate some of their profits to charity. The scheme, supported by the Peter Jones Foundation, has been a huge success since it launched in 2007. Previous winners have made their money in diverse ways such as fashion shows, cookery books and concerts.
For more information please contact:
Jessica De Pree
0207 199 2205 or 07811 381445
0207 199 2206 or 07973 570967
Notes for editors:
About Tenner Tycoon
Enterprise UK’s ‘Tenner Tycoon’ campaign is the UK’s nationwide competition that generates excitement and enthusiasm about enterprise in school children.
Formerly known as ‘Make Your Mark with a Tenner’, the scheme will see Enterprise UK loan £400,000 to 40,000 young people across the UK to encourage them to start up their own businesses.
Each participant will receive £10 and is challenged to ‘make a profit, make a difference and give back’.
The campaign is generously supported by Dragons’ Den entrepreneur Peter Jones, Big Lottery Fund and Michael and Xochi Birch, founders of the social networking site Bebo.
For further information please visit: