Nottingham Trent University
Fostering Sustainable & Ethical Economic Opportunities
Annual Report 2008/2009 Committed | Energetic | Interactive | Professional
Market Economics
Personal Success
Entrepreneurship
Financial Literacy
Environmental sustainability
Business ethics
Silver Surfing
Enterprise Days
The Objective
The Objective
The Objective
Workshops designed to empower senior citizens to manage their own finances through online banking.
Workshops throughout the year that teach life skills also partnered with young enterprise as business advisers.
A multiyear project aimed at developing the skills and opportunities within the Chinese community, empowering them to break out of the mould.
Results
Results
• One to one mentoring ensured a comfortable environment, • 9 members attended a term of sessions, • £300 backing by HSBC, • Long standing agreement with a school provided a free room, • All increased their knowledge, • U3A trainer keen to take over the project.
• 5 Schools worked with, • 50 hours of workshops, • Once a week worked with young enterprise advising them on their business following SIFE principles, • 1 Team made £600 and then invested it into another project
Local Project
Testimonial ‘The accessibility of the course means that it is available to many people who otherwise would be extremely isolated.’ University of Third Age
Summary Students Involved - 4 Hours Invested - 60 People Impacted - 9 Sustainable and continuing next year!
Local Project
Breaking Out Local Project
Results • Working with 5 Nottinghamshire restaurants expanding on last year devlopment5 • Next step to provide training to the younger generation • Promoting the bi-lingual; website
• Encouraged an entrepreneurial mindset involved in the full business process including budgeting & time planning.
Testimonial
Testimonial
‘SIFE have brought the one to one weekly impact that we couldn’t provide they have empowered and encourage the students.’ David Greenword Young Enterprise Nottingham
Sustainable and continuing next year!
Jimmy Ho from MEEM
Summary
Summary
Students Involved Hours Invested People Impacted -
‘Through this project, fluent Chinese speakers can be given the skills and abilities to develop other mainstream skills and qualifications.’
12 200 320
Students Involved - 2 Hours Invested 10 People Impacted 5 Sustainable and continuing next year!
Young Business
Bags 2 Riches
Fair Chance
The Objective
The Objective
Consultancy Project
Challenge
International Project
Local Project
The Objective Working with 2 classes of year 10 students challenging them to work with a genuine company.
Project working with local designer Workshops designed to empower who is setting up a business making senior citizens to manage their own finances through online banking. product from recycled materials.
Results • 50 student taught business skills • Working with local Nottingham organic fragrance company lilac and cream. • Student produced a marketing strategy fro the company • Student learnt about all aspects of the business including how they can be environmentally friendly Testimonial ‘The children have presented me with some fantastic ideas which I will be taking on board within my business; I recommend other businesses should get involved.’
Results
Results •
•
SIFE are encouraging her to outsource her materials. To Singapore where workers can collect rubbish and sell it back to Bag 2 Riches for their own profit. SIFE will be working between the business and group teaching them how both groups can make an ethical profit
•
Workers will be given the knowledge to start making a profit.
•
Links already set up project planned summer term.
Testimonial
• • • • • •
Trained 150 farmers in business knowledge They elected co-operative committee members The co-operative is officially registered with 150 members NBS bank of Malawi ginning company now partnered with our co-operative Summer 2009 first harvest where the farmers can sell in bulk and internationally Next step fair-trade accreditation
Testimonial
‘Working with SIFE will ensure I can ‘This finally gives us, and the country ethically source my materials and as a whole, the chance to develop!’ help make a difference to people’s Mr Challison, Chairman of the Chikwawa Cotton Growers Association lives’ Anna, Managing director of Bags 2 Riches
Karen Blackburn, Business owner of lilac and cream
Summary
Summary
Students Involved -12 Hours Invested - 150 People Impacted - 50
Students Involved - 2 15 Hours Invested People Impacted 1
Sustainable and continuing next year!
Sustainable and continuing next year!
Summary
Students Involved Hours Invested People Impacted Sustainable and continuing next year!
Key Figures
Funding
Media & Publicity Internet
Univeristy Publications
Fully operational and professional website www.sifentu.co.uk
Platform 40,000 Readers Grapevine 20,000 Readers NTU News 26,000 Readers
External media BBC East Midlands currently in talks NBS Radio 3 000 000 Farmers Monthly Currentl in talks
Special thanks to.... Kathryn Wigglesworth Enterprise Rent-a-car
Michael Pagnotta Director, P3 Presentations
Angelo Bisignano Consultant
Adam Roberts SIFE NTU Alumni
Fiona Winfield Senior Lecturer Officer
Phil Clarke Student Liaison Enterprise
*Business Advisory Board *University Advisors
Peter Jones Senior Pro Vice-Chancellor
Phil Clarke University Adviser
Emily Keal SIFE NTU President