An exciting opportunity for young people in Wales to build their financial skills and win a share of £100,000

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An exciting opportunity for young people in Wales to build their financial skills and win a share of £100,000

Barclays and Channel 4 have launched an exciting new initiative, which aims to inspire young people to generate enterprising business and community ideas and improve their financial skills in a fun and innovative way.

The Stake, launched on 11th November, is an online competition that provides young people with the chance to submit ideas for how they would like to spend a share of £100,000, and then decide as an online community which projects should be funded from the prize pool.

Anyone aged between 16 and 21 can submit their idea for a community or business project that they feel will make a real difference in their local area. The most popular ideas will be considered by a panel of judges, and up to six young people will win a share of £100,000 to make their idea a reality.

A number of high profile mentors have contributed expert advice to support competition entrants, including Barclays CEO of Retail and Business Banking Antony Jenkins, the UK’s digital champion Martha Lane Fox, The Apprentice winner Tim Campbell, SB.TV founder Jamal Edwards and MP Esther McVey.

The competition aims to demonstrate that business and social enterprise can be creative, fun and challenging and that good ideas and passion can be rewarded. We encourage you to promote this competition to young people in your constituency, to ensure that as many young people as possible from Wales are able to take part.

Young people can enter The Stake via the competition website www.thestake.co.uk

Resources for teachers and youth workers are available to be downloaded from www.barclaysmoneyskills.com/resources

Both Channel 4 and Barclays invest in a range of initiatives aimed at developing young people’s citizenship and life skills. Please get in touch if you would like any more information.

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