Youth Access

Financial capability initiatives launched

08 March, 2011

Youth Access is prominent in two major new initiatives aimed at developing young people’s financial capability.

1. Barclays Money Skills Champions, is a major new project aiming to improve young people’s financial capability (e.g. budgeting, spending, saving, using credit and avoiding debt) through innovative peer education methods.

Launched on 2nd March, the Barclays Money Skills Champions programme is managed by the National Youth Agency in partnership with Citizens Advice, Rathbone UK, UK Youth, Youth Access and YouthNet. It will provide young ‘Not in Education, Employment or Training’ adults (NEETs) with resources and tools to improve their money management skills, in addition to training, which will help them to share these resources with their own peer group.

Youth Access’ members will have the opportunity to become involved in the programme by acting as Peer Education Support Workers, providing training and support to young people to become peer educators. Further information will be made available in due course.

Barclays Money Skills Champions is part of a wider Barclays Money Skills programme aiming to help one million people through education and easily accessible information. For further details, read the press release on The National Youth Agency’s website.

2. The Consumer Financial Education Body (CFEB) and Youth Access held a joint event in the House of Commons on 8th March for the parliamentary launch of Money in the Mix: Advice and Guidance: a guide to embedding financial capability in information, advice and guidance for young people.We were pleased to be joined at the event by a host of esteemed colleagues from the youth and advice sectors and were treated to a mixture of impassioned and thought-provoking speeches from:

• Tom Wylie, Chair of CFEB’s Young Adults Policy Advisory Group
• Linda Jack, Youth Policy Adviser, CFEB
• Barbara Rayment, Director, Youth Access
• Greg Hands MP, Parliamentary Private Secretary to The Chancellor, George Osborne        
• Iain Wright MP, Shadow Education Minister
• The Lord Hunt of Wirral
• Cllr Rita Krishna, LGA Children & Young People Board

Barbara Rayment, Director of Youth Access (centre), flanked by Linda Jack, CFEB (left) and Sarah Newton MP (right) at the parliamentary launch of Money in the Mix

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