The Channel Islands Student Business Challenge, jointly run by
Ogier, Barclays, EY, and Sure, kicked off last week with launch
events for participating students in Guernsey and Jersey.
The launch events in each island - attended by 140 students in
Jersey and 70 in Guernsey - gave them an overview of the Challenge
as well as a series of talks about different aspects of running
their own business. Each team, aged 11 – 16, is
supported by a mentor from Barclays, EY, Ogier or Sure who will
help equip them with skills which are relevant to the
Teams have two months to develop their business acumen before
facing a final “Dragon’s Den” where they will
need to impress the judges with their abilities to run a profitable
business and / or benefit the local community. An awards
ceremony will be held in mid-May to celebrate the achievements of
the teams and announce the winners of the 2016 Channel Islands
Student Business Challenge.
Nick Kershaw, Global Managing Partner at Ogier said: “This
is a big year for the Challenge, Haute Vallee and Victoria College
are joining for the first time and we have also expanded into
Guernsey with teams of students from Elizabeth College and St
Sampson’s High School starting up their own businesses. Over
the last three years we have helped students from Grainville and
JCG to generate profits of around £20,000. ”
Carl Howarth, Principal of Jersey College for Girls said:
“The launch event gave the students valuable insight into
what is in store for them as well as the confidence to start-up
their own businesses. Through the Challenge they will develop key
employability skills and see how their entrepreneurial ideas can be
turned into financial success.”
Many teams choose to donate a share of their profits to
charity. Over the last three years this has resulted in nearly
£11,000 being given to charities such as JSPCA, Oscan Maclean
Foundation, CLIC Sargent and Macmillan.
Sure Chief Executive, Eddie Saints said: “The level of
innovation and enthusiasm that the teams are already demonstrating
is impressive. I am extremely impressed with their plans for
developing profitable, sustainable businesses and am looking
forward to seeing the teams in action.”
Kath Clark, Deputy Headteacher, St Sampson’s High School
said:“Our students are very excited by this innovative
Challenge. We know that they will learn a huge amount by
participating and that they will develop skills which will equip
them for the workplace. Our teams have some great ideas that
they are looking forward to turning into real, practical businesses
which generate profit for themselves and their chosen
Dave Roworth, Headteacher of Haute Vallee commented: “As a
Headteacher, having our students involved for the first time is
really exciting. These are the opportunities and challenges which
young people can thrive on. I am confident that our students will
play their full part in what is already a proven success story for
local schools and businesses working in partnership.”
This year’s contestants will be trading from January to
March and selling healthy snacks and drinks, cakes and sweet treats
as well as jewellery, candles, key rings, soaps and gifts as they
compete to become the Overall Winner of the Channel Islands Student
Business Challenge 2016.
To find out more please visit the Student Business Challenge
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).