Thirty-six students on the college’s Higher Education programme in Business Studies have accepted the challenge to turn £50 into a sizeable profit for the hospice by the end of the year.
The charity, which is planning to open a new £10.5 million hospice next year, is hoping this year’s annual challenge will provide a big boost to its fundraising. Around 15 organisations have already signed up for the challenge and received crisp new £50 notes – loaned by ARM - to ‘invest’ in their money-making ideas.
Lecturer Silvia Duedal said the students were keen to put their business skills to the test in the challenge.
“They are all very entrepreneurial and have lots of ideas for using their £50 notes to accumulate a healthy profit,” she said.
“As part of their course, the students learn entrepreneurial skills as well as marketing and buying and selling, so we’re hoping to raise a good sum of money for the hospice. Last year they turned £50 into a magnificent £400.”
The students on the Higher National Certificate programme will work together in one team, competing against students on the Higher National Diploma, who will be going on to do their final year of a business degree at ARU next year.
Aisha Hunt, Community Fundraiser at Arthur Rank Hospice said: “I am delighted that the HNC and HND Business students from CRC have got involved in our Accumulator Challenge. The Challenge brings all sorts of people in the community together, ranging from students to corporates, and it is an exciting way to engage with one another.
“Cambridge is famous for its entrepreneurs and this is a fantastic opportunity for teams to show that they have the skills to turn an investment into a pot of gold. I’m looking forward to seeing what the CRC teams do with their £50!”
The Accumulator Challenge, which last year raised £12,000, runs until 31 December. A celebration evening will be held in the New Year, where the charity will announce the total raised and which team raised the greatest sum.
Image: Charity Challenge students and lecturer Silvia Deudal with Chloe Christine-Wallis from Arthur Rank
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