26th April 2016
The Year 12 students taking part in this year’s Young Enterprise Scheme have received support from another local business. Funky Aardwark, who are located in Somerset Place, Teignmouth, have kindly offered to showcase the team’s products.
Their business, which trades as ‘Rework’, makes and sells a range of products made from recycled materials. Their mission statement is to have as low a carbon footprint as possible and to make products from as high a recycled percentage as possible, a goal which they have so far done well to achieve, with about 95% of their output being created out of recycled materials.
Rework have had the support from various local businesses to date, particularly Teign Hardware from Teignmouth and the cycle retailer Braking Wind of Dawlish, both of whom have been supplying materials to Rework.
The students are particularly pleased to have established the link with Funky Aardwark, a social enterprise whose aims complement those of Rework. They are known as a C.I.C. (a community interest company) and their purpose is to work for the good of the community and to be self-sustaining. Funky Aardvark chose this model rather than a charity as it enables them to work in exactly the same way as a standard business except they have to use any surplus to reinvest in the company. According to their Mission Statement they
Focus primarily on social objectives, aiming to tackle a wide range of social and environmental issues
Use surplus, assets and business solutions for the public good to help create an inclusive economy
Allow access for all to art and craft
Create a hub for information, education, cooperation, support, inspiration
The news follows Rework’s recent victory in the local round of this year’s Young Enterprise competition. The next step is to take part in the area final in Exeter on 3 May, where success will take them to Swindon for the regional final, and thereafter the national final in London.
Pictured are: left – Ben Greenwell, Head of Sales for Rework, studying History, Chemistry, Religious Studies and Geography at AS Level; and right – Alex Horswill, Managing Director for Rework, studying Business Studies, Economics, Travel and Tourism and I.C.T.