Overcast

Overcast

max temp: 16°C

min temp: 8°C

ESTD 1874 Search

Bury St Edmunds: Young entrepreneurs get the chance to launch their own shop and win £10,000

18:04 05 March 2014

Archant

Young entrepreneurs can chance their luck in the real world of business as one west Suffolk town signed up to a pioneering project.

shares

Bury St Edmunds is one of just seven towns across the country involved in the TestTown initiative, run by the charity Carnegie UK Trust.

Carnegie will help individuals and groups launch their ideas for new high street shops, with vacant premises made available for the youngsters to trial their ideas.

The owner of Bury’s best trial business will get £500 of start-up funding and be entered into the national final for a chance to win £10,000.

Bury’s involvement in the scheme has been spearheaded by Our Bury St Edmunds chief executive Mark Cordell, who said he was “delighted” the town had been chosen as the host town for the whole of central and southern England.

St Edmundsbury councillor Robert Everitt, the council’s cabinet member for Bury, urged the town’s budding business brains to get involved.

“The young entrepreneurs that want to trial running their own business can get a premises to see if it works,” he said.

“We all know of large multinationals that have trialled, been successful and grown into what they are today, and now there’s the opportunity to do that in this area.

“Wouldn’t it be fantastic if one of our young entrepreneurs was able to win a national event, having trialled it here in Bury St Edmunds.”

Jim Metcalfe, TestTown programme leader at the Carnegie UK Trust, added: “We have deliberately selected a diverse range of towns for our regional heats. Some are thriving; others have challenging retail environments; and some attract more tourist traffic. Each brings a unique aspect to TestTown and should provide really interesting results.

“As a result, there is no need for applicants to simply look at their nearest ‘TestTown’. Applicants should assess what might suit their business idea.

“TestTown is about giving the next generation of entrepreneurs the support needed to help make their business idea a reality, after all.”

TestTown is now open for applications from anyone aged 16-30, until the deadline on April 16. Find out more at www.testtown.org.uk or follow @TestTown2014 on Twitter.

shares

1 comment

  • I am sorry to say it but the day of the small trader trying to compete with the big boys is over, their buying power can no way get near what the nationals buy in at, having run shops around Suffolk we in the end were buying stock in at a price near what the nationals were selling for,the only way to beat them is to make it and sell it like we did.I wish who wins it the very best,

    Report this comment

    pandy

    Thursday, March 6, 2014

Essex fire crews attended

Firefighters in Essex have been called to a blaze at an art warehouse in Colchester this evening.

London Road North in Lowestoft has been cordoned off by emergency services.

Emergency services have descended on the centre of Lowestoft following an incident this afternoon.

Shotley wins Village of the Year.

Shotley has been announced the winner of the annual Suffolk Village of the Year competition.

Firefighters attended the incident

Emergency services were called to a crash on the A14 near Coddenham this afternoon.

It won't be the real thing, sadly, but there is an Abba tribute in Colchester this weekend

Brave the September weather this weekend and treat family and friends to a day out in East Anglia. Unsure where to go? Here are 10 events you shouldn’t miss:

The scene of a fire at Exning Primary School. Headteacher, James Clark.

Two members of the public tried to stop the blaze at Exning Primary School before the fire brigade arrived.

Ronald Chisnall

An 89-year-old widower who sexually assaulted two schoolgirls at his Ipswich home has been jailed for 34 months.

Fire crews at the scene of a fire behind the former Burton's factory in Ipswich Waterfront

Firefighters have been called to a fire at the former Burtons factory on Ipswich Waterfront.

Jonathan Dotchin, Kezi Mellen UCS LGBT+ society with Valerie Jarvis of Theta Cafe with some of the items collected for Calais refugees.

Members of a university Lesbian, Gay, Bisexual and Transgender (LGBT) society have launched a collection for refugees in Calais.

The A14

Emergency teams worked to release a man trapped in his car after it overturned on the A14.

Most read

Most commented

Topic pages