Some Frequently Asked Questions about the Tenner Challenge
Who can take part in the Tenner Challenge?
Young people between the ages of 11 - 19 years can take part, but all participants will need an organisation to register them for the Challenge.
When does the Challenge run?
In 2018 the Challenge will run from Monday 12th February - Friday 16th March.
Will the 2018 February half term have an impact on the Challenge?
In 2018 the February half term will take place on different dates depending on your location in the UK. To ensure that everyone who wants to participate can do so, we are offering two Tenner Challenge start dates in 2018:
- Monday 12th February and
- Monday 19th February
Regardless of the date you choose to start, the Challenge will finish for everyone on Friday 16th March.
Can participants work on their own as well as in a team?
Yes, absolutely! Students are welcome to take part in the Tenner Challenge as an individual or as part of a group.
If students want to work as a group we suggest teams of between two and eight participants - more than eight participants in a group can sometimes leave students feeling disengaged within the group.
What is the difference between self-funding and requesting funding?
During the registration process you will be asked if you wish to self-fund or submit a request for funds:
- Self-funding means that your organisation will provide the tenners for your students to use during the challenge.
- Requesting funds means that you will need to download and complete a Tenner Payment Request Form, and then upload the completed form online. Your request will be assessed and you'll be notified if you will or will not be able to receive funding from Young Enterprise.
How much funding can be applied for?
A maximum of £500 funding is available per organisation.
You can decide on how these funds are shared amongst participants; you could choose to offer £10 per student, £10 per student company, or £10 per class.
How are requests for funding assessed?
Tenner Challenge funds are limited and requests are assessed on a first-come, first-served basis.
Can funds be "topped-up"?
If you're successful in applying for funding for the Tenner Challenge but require more than the maximum (£500 per organisation) that's offered your organisation is welcome to self-fund the remaining or outstanding amount.
The same rules on returning the Tenner will apply so you should receive back this funding within the month and you keep the profits.
How are funds from Young Enterprise received?
If you are successful with your application for funds, they will be transferred across to you before the challenge starts. We will send confirmation of the transfer so you can be sure the funds are in your organisation's account and ready to be shared with the participants.
How long will students have to make a profit with the money they are pledged?
Participants are challenged to make as much profit as possible during the four weeks that the Challenge takes place.
How do students receive their tenners?
You will be responsible for distribution of the tenners to the participants and all supervision of the activities in relation to the Challenge. You must not distribute any funds prior to the Tenner Challenge commencing.
Will students have to repay the tenners?
If the participants make a profit they are asked to donate a further £1 per £10 pledged (Legacy contribution) to sustain the Tenner Challenge Bank.
What if students cannot repay the tenners?
If participants are unable to repay the full tenner, then they should at least return £6. The organisation will be responsible for collecting the pledge and the legacy donation from the participants on completion of the Challenge. For further information please view the full Tenner Challenge Terms and Conditions.
What happens with the profits made from the tenners?
It is up to the participants to choose how they would like to donate or spend their profits.
Many teams chose to donate all or part of their profits to local and national charities, or to a local cause within their community or school.
What support is available during the Challenge?
The Tenner Team are dedicated to supporting organisations and participants throughout the Challenge. If you need any help at any stage you can contact the team directly by emailing email@example.com or calling 07966 048074.
Are there resources available to help prepare for the Challenge?
There are lots of resources for organisations to use before and during Tenner, including videos that introduce the four weeks of the challenge, competition details and planning resources.
These resources will all be available on the Challenge participation platform - once your organisation is registered you will be sent a link to the platform and unique log in details.
What help is available for introducing the Challenge to students?
Young Enterprise can help kick-start your Tenner Challenge by running a half-day masterclass for your students. The cost for the masterclass is £300 for a typical class size. For more information please email us: firstname.lastname@example.org.
Please note that details of Weekly Competitions and the National Tenner Challenge Competition can be found on The Challenge webpage.
How will entries for competitions be shortlisted?
Entries will be short listed by an internal Young Enterprise panel, and an external panel of judges will decide upon the winners for each category.
How many competition entries can be submitted per organisation?
Each organisation can submit a maximum of five entries.
How are competition entries submitted?
All competition entries will need to be uploaded through the participation platform, using the relevant file formats. Full details and instructions will be supplied once registration has been completed.
Please note: we are currently busy building the participation platform.
What is the participation platform?
The Tenner Challenge will be delivered through an online participation platform. The platform will guide users through the four weeks of the Challenge; providing them with access to resources that will support them during their experience and allowing them to track their personal development within the eight key employability skills.
How do teachers access the platform?
Once an organisation has registered they will be sent a unique URL and log in details for the platform, a link for students to use will also be provided.
How do students access the platform?
Teachers will receive a URL that needs to be shared with all students who wish to participate in the Challenge. When students use this unique URL they will be asked to set up an account and select whether they are working as a team or as an individual.
Once they've set up their account they will be able to log in and view their teams' progress, complete their pre and post-challenge questionnaire and access resources.
Full details of the Tenner Challenge can be found in the Terms and Conditions.