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Tenner competition calls young tycoons to arms

Written by Hannah Prevett on Wednesday, 20 February 2013. Posted in Finance

The UK’s biggest nationwide enterprise competition for young people has relaunched. And this year it even has the support of old Beardy himself

Tenner competition calls young tycoons to arms

By now most of us are aware of the myriad benefits young entrepreneurs can bring to UK plc. (And if you don’t, you can read our feature here) By supporting budding business owners from the get-go, we can help future-proof the economy. This is just one of the reasons successful entrepreneurs Richard Branson and Innocent founder Richard Reed have got behind Tenner, a national competition to find the brightest and best of young British business talent. 

Tenner – now in its fifth year – gives recipients, as the name would suggest, £10 to ‘do something enterprising, make a difference and give back’. The scheme is run by Young Enterprise, the country’s largest enterprise education charity.

Michael Mercieca, chief executive of Young Enterprise said the organisation is “delighted” to be involved with the scheme. “Tenner’s competition strapline, ‘it’s in your hands’, really encapsulates our philosophy to give young people a chance to explore their entrepreneurial instincts and desire for community improvements in any direction they choose,” said Mercieca.

And Mercieca isn’t the only one extolling the virtues of sowing entrepreneurial seeds early on. This year, superstar entrepreneurs Richard Branson and Richard Reed have been giving their thoughts on youth enterprise and what they’d do with their tenner, and you can see the resulting videos.

Tenner has come a long way since its formative years thanks to social entrepreneur, Number Ten regular and all-round nice guy Oli Barrett. With him on side, the nation’s young entrepreneurs are already onto a winner. 

About the Author

Hannah Prevett

Hannah Prevett

Prevett likes to think she's something of an expert when it comes to small business. Having cut her teeth writing about tech, she latterly moved on to such illustrious titles as Growing Business, Management Today and the Sunday Times to indulge her enthusiasm for entrepreneurship: from P&Ls to private equity and all that's in between, you can't keep this girl away from the heady world of start-ups. 

Back in the day when she had spare time, she would spend it networking, horse riding, drafting and re-drafting ideas for novels, and playing auntie to her niece and three god-children. Those were the days...

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