Skills for life

Funding level: £5,001 to £10,000

Description

Oxfordshire Scouting aims to help young people reach their full potential by developing life skills such as teamwork, time management, leadership, initiative, planning, communication, self-motivation, cultural awareness and commitment. Our aim is for all our young people to realise their full potential and become responsible, active citizens in their local communities. This also includes being financially responsible. We develop young people’s life skills through practical, hands on experiences, providing fun and adventurous activities. Scouts work towards activity badges and challenge awards and are encouraged to participate in camping weekends and local/national/international Scouting events. In order to target financial literacy as a core development goal we want to launch the Oxfordshire Scouting Fiver Challenge to all our Scout and Explorer Scout groups.

The Fiver Challenge is a simple concept. All 2,000 Oxfordshire Scouts and Explorer Scouts (aged 10 to 18 years) will each receive £5. They then have eight weeks to make as much money from that initial stake as possible. They can work individually, as a team or as a Scout Group. Appropriate people from local businesses will be invited to discuss commerce and financial issues with them, covering topics such as product development, the marketing mix, budgeting, profit and loss, reinvestment, etc.

At the end of the 8-week period awards will be presented to the most profitable project, the most innovative, and the most community spirited. There will also be an award for the most profitable Scout Group (pro rata), regardless of whether the Scouts choose to work individually or as a team. Activity badges and challenge awards will also be available, where appropriate.

The initial stake (£10,000) will be returned to Oxfordshire Scouting and ringfenced so that it can be used again the following year. Money raised from the challenge will be split between a standalone Oxfordshire Scouting project (in 2018/19 it is anticipated that this would be the project to send Oxfordshire Scouts to the 24th World Scout Jamboree in North America) and the individual Scout Groups so further supporting the Scouting community throughout Oxfordshire. Alternatively, the Scouts have the option to donate their Scout Group's share to a charity of their choice.

Our Scouts are used to taking initiative and helping to raise funds. However, the Fiver Challenge presents a fantastic opportunity for them build on their experience in order to develop their entrepreneurial skills and gain a greater appreciation of business and financial responsibility.

Oxfordshire County Scout Council

Moment of Pride

I am immensely proud of our young people, who never fail to impress me with their creativity, enthusiasm and commitment. I love how Scouting complements formal education by engaging and supporting young people in their personal development, and am really excited to be launching the fiver challenge!

Location: Oxfordshire, UK