The School: Five Elms Primary
Five Elms Primary School, located in the London Borough of Barking and Dagenham have been working with Enabling Enterprise throughout the past academic year to develop skills across the curriculum. Students across the whole school have been taking part in Lesson-Time Projects; from opening their own art gallery in Year 1 up to designing an innovative new board game for Hamley’s in Year 5. Today was an excellent opportunity for 30 year 6 students, who have been completing the Big Business Challenge back in class, to learn about the world of finance and how the Enabling Enterprise challenge skills link so closely to the skills required to succeed in real-life businesses.
The Business: NatWest, London
National Westminster Bank Plc, commonly known as NatWest, is the largest retail and commercial bank in the United Kingdom. Since 2000 it has been part of The Royal Bank of Scotland Group, ranked among the top 10 largest banks in the world by assets. Today, students were supported by three NatWest employees: a Branch Manager, a Risk Manager and the Enterprise Manager from the Prince’s Street branch.
The Challenge: Invest for Success
The students from Five Elms worked together in small teams alongside their NatWest volunteer. The teams explored key terms, including ‘return’ and ‘client’, and were able to practise assessing and taking risks when tackling questions from ‘The Million Pound Drop’. After a very informative tour of this NatWest branch, students were armed with some top tips about how NatWest help their clients manage risk and invest their money safely. Students then had the opportunity to meet their clients and make their own investment decisions before determining how successful they had been by calculating the return on their investments after 1 year. The day ended with a round of presentations where teams shared their reflections about the day and their final figures along with the all-important investment strategies that had got them there.
Upon arrival at Prince’s Street NatWest branch, the students were greeted by the volunteers who would be working with them throughout the day and taken on a tour of the impressive branch. Over the course of day, it was clear that students were Listening Carefully by virtue of the high quality notes they were taking and their Working in a Team was strongly evidenced by their ability to make quick decisions that each team member was happy with. In particular, it was great to see Year 6 taking opportunities to develop Leading skills, with different team members taking the lead at different points during the day.
What they said:
- “Unlike some other educational school visits, this trip has real relevance for the future and provides an opportunity for the students to explore a real world experience.” – Teacher, Five Elms Primary
- “Even though today was based in a bank and on finance the children have gone away with life lessons and an understanding of what adults do.” – Volunteer, NatWest
- “I have learnt that when you work in a group you need to make sure you understand what the other team members are trying to say and if you have a disagreement or a different opinion on something you can compromise.” – Student, Five Elms Primary
Thanks to NatWest for such a great trip day, and to Year 6 from Five Elms Primary for coming along.
Enabling Enterprise are working in partnership with schools and businesses to support students to build enterprise skills and aspirations. Find out more by contacting us.