Jenny Willott MP backs the Money for Life Challenge and calls on local organisations to get involved

October 24, 2014 11:08 AM

Profile

Jenny Willott, the Liberal Democrat MP for Cardiff Central, is encouraging education and training organisations to get involved in the Money for Life Challenge, a national competition to encourage young people to improve their money management skills.

The Money for Life Challenge is supported by Lloyds Banking Group and CollegesWales in partnership with Youth Cymru. The challenge awards £500 grants to 16 to 24 year olds to run a money management project that impacts their local community.

Last year a team of young people from the Cadywn Housing Association were selected to receive a £1000 Legacy Grant for their Moneysmart project after reaching the finals of the Money for Life Challenge 2013/14.

The Money for Life Challenge 2014/15 is now open and accepting applications until Friday 21st November. Applications can be made by visiting: www.moneyforlifechallenge.org.uk

Commenting, Jenny Willott MP, said:

"Helping young people to learn financial skills and manage their money is very important and the Money for Life Challenge is the perfect way to do this. I hope many education and community organisations in Cardiff Central will enter teams for the Money for Life Challenge and encourage young people to take part and come up with innovative new projects.

"The Lib Dems believe it is essential to equip young people with the necessary skills to deal with the practical issues that they will face in adult life and I'm pleased that we have put forward plans for compulsory financial literacy lessons in schools as part of our pre-manifesto for the 2015 General Election."

What would you like to do next?