Sir Terry Leahy invests in online learning site

Sir Terry Leahy has invested a “significant sum” into video-based teaching tool Has the ex-Tesco boss gone entrepreneurial on us? will provide 200 short videos to help GCSE students in England, Wales and Northern Ireland, starting with maths.

Created by former BBC and ITV executives Helen Royle and Teresa Watts, operates on a subscription model, with users paying from £1.40 per week, or an annual subscription of £73.

“Improving our education is a top priority, and is a really practical response which could provide a breakthrough for students studying for GCSE,” says Sir Terry Leahy.

“I like that is a tutor support that every family can afford unlike traditional tuturing, which is out of reach for many families.”

Sir Terry Leahy was Tesco’s chief executive for 14 years, building it into Britain’s biggest supermarket by market share. His departure from Tesco left many guessing what his next move would be – it’s now clearer that he will be a business angel, investing in and advising small companies.

Sir Terry Leahy recently said he was interested in the retail, health, education and property sectors in the UK, but also in Asia and the US, the FT reports.

There is a growing trend of FTSE leaders moving into entrepreneurial businesses – watch out for our special report on this topic in the next issue of Real Business, out on March 30.

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