£50 loan challenge for young people

Share this article
Have your say

Master Cutler Bill Speirs has unveiled a challenge with a difference for the region’s young people.

Prof Speirs, who heads the 387 year old livery company that promotes manufacturing locally and nationally, has invited pupils from schools across the region to show the business community how they can use their talents to turn a £50 loan into as much money as possible for charity.

A host of businesses have entered the fund raising Master Cutler’s Challenge during the three years the event has run, raising hundreds of thousands of pounds for local charities in the process

A handful of schools and young peoples’ organisations have also taken part, but this year Prof Speirs wants many more to enter and see what they can do by using their ingenuity and entrepreneurial spirit.

Prof Speirs stressed at the start of his year in office that manufacturing was not just about making things, but was instead “about using all the intellect and facilities that are available in Sheffield,” adding that the city needed to encourage young people to use their talents and help them discover the talents they didn’t realise they had.

The Master Cutler told young people attending the launch of this year’s Challenge: “You are the talent and I expect you to use it.

“The real reason for the Challenge isn’t to make money, but to give you the opportunity to develop your own talents and to demonstrate what you can achieve as a team.

“The prize, particularly for school children, is in the way they work together to develop talents.”