MP backs Peter Jones' Tenner Tycoon Campaign

14th March 2011
MP backs Peter Jones’ Tenner Tycoon Campaign

Gordon Henderson MP has announced his support for a scheme that sees school kids encouraged to start a business with just £10 each, in the biggest ever Tenner Tycoon challenge.

The Sittingbourne and Sheppey MP is backing the landmark scheme, called Tenner Tycoon, which will see the campaigning charity Enterprise UK loan hundreds of thousands of pounds to young people across the UK to encourage them to start up their own businesses.

Participants in Tenner Tycoon will receive £10 and be challenged to make as much profit and social good as they can in a month.

Mr Henderson said,

“Tenner Tycoon is an innovative scheme that gives young people in Sittingbourne and Sheppey the chance to showcase their skills and ingenuity whilst gaining practical business experience. The programme’s relevance and importance has never been as great as it is this year – the year that aims to kick-start the ‘entrepreneurial decade’.

“We need to support initiatives like Tenner Tycoon that aim to inspire the next generation of entrepreneurs and therefore ensure the future prosperity of the UK.”

This year, the challenge is to also ‘give something back’ and participants are encouraged to donate some of their profits to charity. The scheme, supported by the Peter Jones Foundation, has been a huge success since it launched in 2007. Previous winners have made their money in diverse ways such as fashion shows, cookery books and concerts.

For more information, please visit: www.tenner-tycoon.org