MP and Rotherham Ready Support Tenner Tycoon Campaign

The Wentworth and Dearne 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 Healey is working with Rotherham Ready to make sure as many young people as possible get involved.

He said: "When I helped set up Rotherham Ready we wanted to give all young people entrepreneurial skills and business acumen. From that Rotherham was recently crowned the most enterprising place in Britain.

"Tenner Tycoon is another chance for our young people to showcase their skills and ingenuity whilst gaining practical business experience. Initiatives like this aim to inspire the next generation of entrepreneurs and 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.

Registration for the competition closes on Monday March 14th and anyone under the age of 19 can take part.

Catherine Brentnall, Project Officer for Rotherham Ready said: "Rotherham was recently crowned 'The Most Enterprising Place in Britain' and part of what wowed judges was the spirit of entrepreneurship and 'can do' that young people demonstrated. We hope as many young people as possible take part in this and show judges just what makes Rotherham so special."