Cardinal Newman High School in Bellshill has won a £6000 prize after impressing judges with a project to engage students in entrepreneurship.
The cash boost is a slice of UK Steel Enterprise’s 40:40 Challenge prize fund for school projects which aim to enhance pupils’ opportunities by understanding and participating in various enterprise initiatives.
The school’s “Cardinal Newman Enterprise Company” project will now help to resource and establish a number of student run businesses.
This will involve teachers and senior students taking part in a “Dragon’s Den” style judging panel where S1 to S6 pupils will be able to pitch business ideas. If successful with their bid, students will run their business and will pay back the funding with the profit, making the capital cash investment pot sustainable for years to come.
The practical experience of running a business will teach the students about teamwork, negotiation, marketing and quick-thinking, while adding an impressive addition to their CVs.
Charles Conaghan, enterprise teacher at Cardinal Newman, said: “We have been running the enterprise project with the S6 students for almost 10 years, but this funding allows us to branch out so the whole school can get involved.
‘‘Without this funding, we wouldn’t be able to start 90 per cent of the business ideas the students present us. Having the money specifically for the project allows the school to provide the start-up capital for some of the bigger ideas.’’