In the first year since launching, The Centre for Financial Capability, a charity aimed at strengthening financial resilience for children and young people, has been working with MyBnk, a specialist financial education charity, to provide crucial financial education lessons to over 100 schools.
Research has shown that money forming habits and behaviours begin at the age of 7, so it is vital that financial literacy and capability is included at primary level. Topics include saving and budgeting but the core is to build the confidence, resilience and skills underlying positive money attitudes and behaviours.
The Centre for Financial Capability, backed by a coalition of major UK financial institutions, focuses on the provision, delivery and research of financial education in primary schools. The charity was created in July 2021, and since then has reached over 3,500 primary-aged children in partnership with MyBnk. Many parliamentarians, including the Chancellor, have visited primary schools in their own constituencies to see the financial education sessions in action.
After a successful first year as a charity, the Centre will continue to support delivery of financial education programmes and to raise awareness of the need for expanded financial capability across the UK. The charity has also been campaigning the Government to direct some of the unclaimed money from the Dormant Assets Scheme to fund primary financial education.
Jane Goodland, Trustee of the Centre for Financial Capability, said:
“I am delighted with the tremendous successes achieved by the Centre in its first year. Over 100 primary schools across the country have received this award-winning financial education programmes, funded by the Centre. Evidence proves that delivering financial education lessons at a young age can build better financial resilience skills and confidence, and I am proud that the Centre has continued to make a positive impact on young people’s lives. I look forward to the continuous growth and achievements for the second year!”
Guy Rigden, CEO of MyBnk, said:
“Providing financial education lessons to primary-aged children has a powerful and positive impact on their lives, and the programmes provide a platform to showcase good practice. I’m enthused to continue working with the Centre to deliver these vital lessons and provoke systemic change.”