Search

What do you think these UEA students in Norwich did with £10 free money? The answer may surprise you

Victoria Bacon, 2nd left, founder of Elizabeth's Legacy of Hope, talking to UEA business and humanity students, left to right, Huijie Chen, Darryn Thomas and Ceren Gulbay, about the charity.
Picture: ANTONY KELLY

Victoria Bacon, 2nd left, founder of Elizabeth's Legacy of Hope, talking to UEA business and humanity students, left to right, Huijie Chen, Darryn Thomas and Ceren Gulbay, about the charity. Picture: ANTONY KELLY

Archant Norfolk 2017

When you’re trying to raise money for charity, the idea of giving money away to a group of students might seem like a step in the wrong direction.

Victoria Bacon, left, founder of Elizabeth's Legacy of Hope, talking to UEA business and humanity students, left to right, Huijie Chen, Darryn Thomas and Ceren Gulbay, about the charity.
Picture: ANTONY KELLY Victoria Bacon, left, founder of Elizabeth's Legacy of Hope, talking to UEA business and humanity students, left to right, Huijie Chen, Darryn Thomas and Ceren Gulbay, about the charity. Picture: ANTONY KELLY

But for the child amputee charity Elizabeth’s Legacy of Hope (ELoH), the move paid off massively as giving £10 to a group of the University of East Anglia’s (UEA) brightest upcoming entrepreneurs resulted in a nearly £700 return on investment.

READ MORE: All about child amputee charity Elizabeth’s Legacy of Hope

Tracy Woods, communications module leader for UEA’s business and humanities foundation course, wanted to organise an activity that would test the young people’s business acumen.

So she bravely elected to give them £10 out of UEA’s budget to see they if they could use to start their own money-making enterprise, with the proceeds going to ELoH.

“We gave them the opportunity to do whatever they wanted, so long as it was not illegal,” she said.

“It was all about trying to encourage entrepreneurship. I thought: ‘Let’s give them £10 and see what they can do.’”

With students known to enjoy the city’s night-life, the group was given a strong warning not to go and spend it in Norwich’s bars and nightclubs.

“We know what young people are like with being able to manage money properly,” Miss Woods admitted.

“However this was designed to make them feel better and let them see what they were capable of. They were really proud of themselves.”

Student Darryn Thomas – who made £55 by selling hot dogs, a profit of more than 400pc – said: “Everyone wants money for nothing.”

But he said the moment the £10 note was put in his hands, he felt responsibility to make money for the charity.

“I think the purpose behind it changes your mindset,” the 22-year-old said after hearing about the mission of ELoH to provide prosthetic limbs to amputee children from poorer countries from founder and Harleston resident Victoria Panton Bacon.

“If it was my personal money which I had to give away, I would think twice about it.

“It tells you how to work with money and just how much you can make in a short amount of time.

“Something simple like this has a real ripple effect on your actions.”

READ MORE: How did the UEA students get on? See here

Other news

Yesterday, 13:51

There’s a surprising new arrival in the new Sea Lion Bay at Banham Zoo.

Yesterday, 06:54

Two clouded leopards, ring-tailed lemurs and even a zebra. These are just some of the exotic animals being kept privately across Norfolk.

Wed, 16:47

An appeal has been launched after a man approached two young children in a parked car.

Wed, 13:04

It’s Bring Your Dog to Work Day on Friday 22 June. Let us know if you’re taking part!

Most Read

Monday, September 28, 2009

They dared to bare all at tourist attractions across Norfolk.

Now a brave group of NHS workers from Attleborough is hoping to raise thousands of pounds to help breast cancer patients in the county after launching a nude calendar.

Read more
Yesterday, 13:51

There’s a surprising new arrival in the new Sea Lion Bay at Banham Zoo.

Read more
Germany
Wed, 16:47

An appeal has been launched after a man approached two young children in a parked car.

Read more
Sunday, March 11, 2018

A former student who was forced to leave university after battling depression has channelled his energy into an innovative tutoring scheme.

Read more
Thursday, August 3, 2017

A schoolboy who begged his mother to buy him some sheep so he could start a flock is baaaarmy about his woolly friends.

Read more
Scotland

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 17°C

min temp: 8°C

Show Job Lists

Digital Edition

Image
Read the Diss Mercury e-edition today
E-edition

Newsletter Sign Up

Diss Mercury weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy