Independent Retailer Teams Up With St Mary’s Catholic Primary School
to Provide A Lesson in Bake-enomics
Independent Budgens retailer in Broadway has teamed up with the local Year 5 class at St Mary’s Catholic Primary School this week, to task students to create Easter treats and make a profit over the Easter holidays.
Budgens retailer Guy Warner, has equipped the students with homework sheets which include a recipe and a profit and loss calculator to help get them underway. Each student will be responsible for purchasing the ingredients, baking the treats and finding suitable customers in the community over the Easter holidays.
After the Easter holidays, Year 5 teachers, Ms Croke and Ms Harrison, will review the students’ economics skills and business strategies. The student who makes the most profit over the Easter break will win a hamper of Dr Oetker and Betty Crocker baking ingredients, presented to them by Guy at Budgens.
Engaging with young members of the local community is something that Budgens retailer, Guy, is passionate about. He comments on teaming up with the class: “As an independent business man myself, promoting young entrepreneurship is something that I am extremely excited about.
The students will learn about profit and loss and how hard work can really pay off. Inspiring young people to start their own businesses is just one way that we help get the British economy back on its feet.”
Ms Croke says: “The students are showing great enthusiasm towards this project. We love the idea of combining food with a business project to get the children thinking about how to manage their own expenses.
I will be looking for the student who has generated the most income and has a clear and completed profit and loss sheet to crown the winner of Bake-enomics 2014.”
Notes to editor
- Budgens stores are all locally owned by independent retailers
- Budgens retailers believe that food tastes better when it’s fresh. Budgens has been named Fresh Produce Retailer of the Year at the Retail Industry Awards for six consecutive years 2008-2013
- Founded by John Budgen in 1872, Budgens is believed to be one of the oldest retail brands in Great Britain
- Initially a small, local grocer, the company has expanded over time. The Budgens name appears on a number of stores throughout the South of England, establishing a reputation for servicing the local communities with quality products
- In 2002, Budgens became part of the Musgrave Group and most of the stores were sold to independent retailers who remain in partnership with Budgens to provide good quality food at great value