£10 given to teens to make money

TENNER, a nationwide enterprise competition for young teenagers, has been launched in Scotland.

The scheme, which gives young people £10 to do something enterprising, make a difference and give back, will be run north of the border by Young Enterprise Scotland (YES), one of the country’s largest enterprise education charities.

Tenner is designed to promote business thinking and action to create community improvements in schools. Teenagers are encouraged to pursue their entrepreneurial, money-making and socially-aware instincts in virtually any direction, starting with a humble £10 note.

The competition has produced many young enterprising stars since its inception in 2007 and this year promises to be no different. Some of Britain’s most successful entrepreneurs have been quick to lend their support and offer encouragement to the next generation.

Virgin founder Sir Richard Branson has recorded a video telling his own story of building a fledgling business empire by selling from a phone box with a pile of pennies, and shared his own tips on how to make money using a tenner with those taking part this year.

Stuart Miller, CEO of Young Enterprise Scotland said: “Young Enterprise Scotland is delighted to be launching such an exciting scheme. We expect this year’s Tenner campaign to be bigger and better than ever before, giving more aspiring young businessmen and women the opportunity to develop new business skills in a fun and practical way.”

Registration is now open and will close on Monday, April 1, with the competition running through the month of May. Thousands of ten pound notes will be circulated to schools across the country on May 1 and updates on the progress of entrants will be available on the Tenner website. Regional and national winners will be announced at the close of the competition.

For more information on the Tenner enterprise competition and how to apply visit the website www.tenner.org.uk.