Time to speculate to accumulate...

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A LOCAL hospice is teaming up with schools and businesses to launch a brand new fundraising idea.

Tring-based Iain Rennie Hospice at Home has been inspired by Lord Sugar’s latest money-making schemes for his potential new business partner in The Apprentice.

Called the Accumulator Challenge it will involve five schools and one company aiming to turn £50 into £1,000 for the newly merged Iain Rennie Grove House nursing service.

Sponsors of the initiative, and long-term supporters of Iain Rennie Hospice at Home Bucks Building Society, will supply each team with £50.

Linda Petrons, partnership fundraiser for the charity, said: “The idea is that the teams will use their £50 to start a small business, investing the money to accumulate funds over a four-month period. They might start by buying ingredients to make cakes to sell and then use the proceeds to organise a bigger event such as a car wash or a fashion parade.”

Pharmaceutical suppliers Johnson and Johnson, in High Wycombe, is supporting the scheme by entering a team.

Linda said: “We are delighted that teams from four Buckinghamshire schools are taking part in our first Accumulator Challenge. We feel sure it will prove a valuable educational experience for the students, as well as being a lot of fun.

“IRGH is also very grateful to Bucks Building Society and Johnson and Johnson for their generous support. We need to raise more than £6 million in the current financial year to meet the growing demand for our service.

“Contributions from local companies and other organisations in our local community form a large part of our fundraising income.”