Applications Open for Schools to Take Part in the Annual Newcastle Building Society Boardroom Charity Challenge

Primary schools throughout the North East are invited to take part in a region-wide challenge that culminates in teams of children presenting business ideas to a panel of 'dragons' in a bid to win £1,000.

Newcastle Building Society's annual Boardroom Charity Challenge is a curriculum-based financial education programme that aims to teach nine-10 year olds (Year Five) financial independence later in life.

The challenge sees hundreds of local schoolchildren compete to win the £1,000 prize money. The children are asked, as part of a six-week long curriculum based learning programme, to develop business ideas that focus on benefiting their local community while also making a profit.

The prize money is then put towards turning the idea into reality with all proceeds going to a regional charity.

Through the Boardroom Charity Challenge, over the past five years the Newcastle has helped more than 1,700 children in schools across its heartland area learn more about managing money and becoming more financially independent.

Natalie Falkous, head of corporate social responsibility at Newcastle Building Society, says:

"The standard of our Boardroom Charity Challenge finalists gets better every year and at the end of it we always have schools asking 'can we take part next year?' So, for the first time this year, we're inviting any school to apply to take part, places are limited and the more creative and engaging the application the more chance the school has of winning a place in the programme.

"Developing the skills and knowledge you need to look after your own finances is something we believe you need to start learning about early and our Boardroom Charity Challenge gives us a wonderful opportunity every year to share our expertise in this area with hundreds of children across the North East. It also gives the schools a chance to take part in a thoroughly interactive and very creative learning programme that really does ignite the entrepreneurial spirit in youngsters."


Applications must be made by writing on NBS' Facebook page and the school tagging themselves into the Facebook post, which will act as the application. You need to tell us why you should be chosen to take part. The post can be a simple word-based application (no more than 200 words) or a link to a video application for instance that has been created by the school.

To see a film based on 2015's finalists, please go to Newcastle Building Society's YouTube channel.