The Village School to become a Centre of Excellence in financial education
Children and young people at The Village School, Brent, will soon be taught about money and personal finance, after it was announced that the school has been chosen to join the Centre of Excellence programme in financial education. The news comes as part of a ground-breaking partnership between the UK’s leading financial education charity, Young Enterprise, and Santander.
The announcement means that The Village School will work with an educational specialist to create a detailed programme of financial education for their children and young people and integrate the teaching of personal finance into the curriculum.
Teachers will be assisted in the delivery of effective personal finance lessons and learning activities, drawing on the charity’s 55 years of experience of aiding educators in schools, centres & colleges across the UK.
Santander is supporting the development of The Village School, Brent, to achieve the Centre of Excellence* status in the next year, turning it into a beacon of best practice in teaching young people about money. The school is one of 38 across the country who are currently benefitting from the programme.
The Village School will be supported in sharing its new expertise with other centres in the local area to benefit the wider educational community.
Once they receive their award, The Village School will join the other 82 schools, colleges and centres who have already been awarded or reaccredited with the Centre of Excellence status. Santander has funded 70 centres from this total number.
Russell Davey, Headteacher at The Village School, said:
"We know just how important it will be for our children and young people to manage their money well throughout their lives. These skills don’t come automatically – they need to be taught, and as it is our responsibility to prepare them for adult life we believe embedding financial education into our school curriculum is a necessity. We are pleased to be working with Young Enterprise and Santander to become a Centre of Excellence in this crucial area, for the benefit of our young people”
Michael Mercieca, Chief Executive of Young Enterprise, said:
“We are delighted that The Village School has joined our Centre of Excellence programme through our partnership with Santander. The work that staff will be doing with our educational specialists over the coming months will be of enormous benefit to our children and young people, with financial education set to be firmly embedded into the curriculum. Our aim is to ensure that all of our young people enter adult life with the skills, knowledge and confidence they need to manage money well.”
Pritesh Vekeria, Branch Director Santander’s Edgware Branch said:
“Our purpose is to help people and businesses prosper and we are committed to supporting people in our communities through skills, knowledge and innovation. Young people are encountering money earlier than ever so it’s important that they have the skills they need to manage their money well. We’re delighted to work with Young Money on the Centres of Excellence programme which has been designed by education experts to ensure that no young person is left behind.”
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About Young Money
- Young Money (formerly pfeg), part of Young Enterprise, supports all educators in developing the financial capability of the young people they work with. We are a trusted and valued provider of knowledge, resources and training to anyone teaching children and young people how to manage money.
- Last year (2016/17) Young Money delivered financial education training to over 1,400 teachers.
- 92% of teachers Young Money trained said following training they were now likely to deliver financial education in their schools.
- Young Money is the Secretariat for the All-Party Parliamentary Group (APPG) on Financial Education for Young People.
- Julian Knight MP is the Chair of the APPG on Financial Education for Young People. The APPG’s most recent report, Financial Education in Schools: Two Years On – Job Done? was published in May 2016. The report highlighted a lack of financial education resources in schools and provided a number of policy recommendations.
- For more information on Young Money please see http://www.young-money.org.uk or email firstname.lastname@example.org.
About Young Enterprise
- Young Enterprise is a national charity that motivates young people to succeed in the changing world of work by equipping them with the work skills, knowledge and confidence they need.
- Founded in 1962, Young Enterprise is part of global network JA-YE operating in 120 countries.
- For more information on Young Enterprise please see www.young-enterprise.org.uk or email email@example.com.
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. It has brought real competition to the UK, through its innovative products for retail customers and relationship banking model for UK SMEs. At 31 March 2018, the bank has c19,500 employees. It serves around 14 million active customers, via a nationwide branch network, telephone, mobile and online banking; and 64 regional Corporate Business Centres. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers are protected by the Financial Services Compensation Scheme (FSCS) in the UK.