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The 2020 Challenge Kicks Off
The Challenge, sponsored by Barclays, EY, and CPA Global, kicked off with launch events for the participating students on Wednesday 15 January at the St Pierre Park in Guernsey and Thursday 16 January at the Royal Yacht in Jersey.
The launch events were attended by 300 students and gave them an overview of the Challenge as well as a series of talks about different aspects of running their own business.
There are eighty teams of students, aged 11 – 16, and each team is supported by a mentor from Barclays, EY, or CPA Global who will help equip them with skills which are relevant to the workplace. Participating schools from Guernsey are Grammar, La Mare de Carteret and St Sampson’s High School and from Jersey are Beaulieu, Grainville, Haute Vallee, Jersey College for Girls, Les Quennevais and Victoria College.
Paul Savery, Managing Director, Channel Islands, Barclays said “The Challenge was created eight years ago. In that time, it has supported more than 1,200 students in Guernsey and Jersey and helped them develop key employability skills. The teams have achieved impressive results in previous years with total profits of £130,000 and donations to local charities of £40,000. We are looking forward to seeing what this year’s teams achieve.”
Paul Savery continued “We are delighted that CPA Global have joined us as sponsors, bringing fresh insight and different skills to this year’s students. This really is a tremendous initiative and we are very proud to be sponsoring the Challenge with EY and CPA Global to help create our next generation of entrepreneurs.”
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. Awards ceremonies will be held on 20 May in Jersey and 21 May in Guernsey to celebrate the achievements of the teams and announce the winners of the 2020 Channel Islands Student Business Challenge.
Susan Morris, Headteacher of Grainville School, Jersey said “We have seen how much our students have benefitted from the Challenge in previous years. We are now looking forward to seeing this year’s participating teams grow in confidence, become more organised and develop their leadership and team building skills.”
Kieran James, Principal Designate of Victor Hugo College, Guernsey added “All of our schools aim to inspire and motivate our students, and the Channel Islands Student Business Challenge does exactly this. The launch event will give the island’s students a valuable insight into what is in store for them in addition to the confidence to start up their own businesses.”
This year’s contestants will be trading from 20 January to 29 March and selling products such as dog treats, mugs, jewellery and candles as well as recycling items to make new products as they compete to become winners of the Channel Islands Student Business Challenge 2020.