YOUNG business tycoons came up with their own money-making ideas and then managed to secure loans from television dragon Peter Jones.
The entrepreneurial-minded youngsters at High Tunstall College of Science, in the town, put their minds together to think up a profit-making business plan and then got to work on putting their ideas into action.
And the ideas of two groups obviously impressed Peter Jones, star of popular television show Dragons’ Den, who provided a loan of £370 to split between the teams as part of the Peter Jones Foundation Challenge.
The talented youngsters then had four weeks to make and sell their design and try to make as much profit as possible.
Matthew Childs and Leon Lavelle’s idea was to design a snow shovel gift set that allows youngsters to help their parents clear the snow.
The ingenious students sourced the materials to make the gift sets and sold out their initial target of 30.
They have since had to restock supplies.
As a result of their efforts, the youngsters have already made £355 and are planning to sell even more.
Meanwhile, the ‘Treelicious’ group made up of Morgan Palmer, Shawna Coleman, Georgia Johnson and Katie Copeman had an idea to design sweet trees and sell them as gifts.
They have already made £175 with 10 pre-orders before the girls have even showcased their product.
Janet Dixon, programme leader for business studies at the school, in Elwick Road, said: “The two groups have done extremely well and it’s demonstrated just how talented they are.
“We put the competition out to everyone in the school and we had a lot of interest but it really does involve a lot of hard work and time and these are the only two groups than managed to see it all the way through.
“But their hard work was certainly rewarded when they received the loans from the Peter Jones Foundation.
“All of the youngsters have an extremely bright and exciting future.”