Case Study: A Craft Enterprise Project

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A case study of one school's craft enterprise project as part of a planned programme of personal finance education. Pupils discussed cost implications and design ideas involved in holding their own craft fair.

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Overview

One school decided to include a craft enterprise project as part of a planned programme of personal finance education. The lead teacher met with the school council, made up of children from years 3 – 6, to discuss possible products and funding. The idea of borrowing the money from the school funds emerged and the pupils worked out roughly what was required to cover the resources they needed. Four of them wrote a proposal to take to the deputy head. She discussed the idea of charging them interest on a loan and they agreed on a 2% interest rate. A sum of £459 was borrowed and the order was placed for the craft materials.

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Secondary (KS3 & 4)

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