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Andrew Reynolds Donates £100,000

April 16, 2014
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Andrew Reynolds appearing on BBC Business programme

They want to encourage more business like Jamie Oliver’s 15, and the big issue which have been big social enterprise success stories. And an entrepreneur called Andrew Reynolds is putting a £100,000 of his own money into a scheme called ‘Make Your Mark With a Tenner’. 10,000 teenagers will be given the chance to show what they can achieve with £10 in just one month . So Andrew, how did you get roped into this then?

They will receive £10 each and they will have a month to turn it into something more. To encourage the entrepreneurial spirit they will be trophies for the most successful. Our economics editor Stephanie Flanders reports.

Cathy Crafts, Manchester Academy, handmade origami, four of us, ten pounds each, one month, one challenge.

So how many of you are there then? Is this you all? Six of you. £60.

Oliver Barrett is the serial ‘starter upper’ who is behind all this. He persuaded the entrepreneur Andrew Reynolds to put up a £100,000 of tenners to teach kids across the country a thing or two about starting a business.

Here is an idea: 1000s of £10 notes are being handed out at schools across the country. It is part of a new scheme to promote what the government calls social enterprise. A millionaire businessman called Andrew Reynolds has donated the money for the competition called ‘Make Your Mark with a Tenner’.

(all shout) MAKE YOUR MARK WITH A TENNER

This is Andrew Reynolds the millionaire businessman who is giving away 10,000 tenners meant to be seed money for tomorrow’s entrepreneurs .

Andrew Reynolds: I think giving the money is exactly the right thing to do ,because if we can give the kids a positive attitude to making money, these days you need to market yourself, you need to almost become like a business yourself. You need to have those skills.

Andrew Reynolds became a self-made Millionaire at the age of 45 after starting a small business in his spare room at home - and became a Multi-Millionaire by the time he was 50, using a technique for making money that he shares in his book, Copy This Idea.

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