CYP Improving Financial Wellbeing Teacher & Practitioner Training Open Grant Call Soft Market Test

Tender description

The Money and Pensions Service (MaPS) has a statutory duty to develop & co-ordinate a national strategy to improve the provision of financial education to children and young people (CYP). Published in January 2020, the UK Strategy for Financial Wellbeing set a goal of 2 million more CYP to receive a meaningful financial education by 2030. The Delivery Plans for England, Scotland, Wales and Northern Ireland set out the action needed to deliver that goal, including testing how to expand provision of teacher training, supporting practitioners working with CYP in vulnerable circumstances to embed financial wellbeing into the services they provide, and supporting more parents and carers to talk to and teach their children about money. Through this funding stream, we will enable organisations to test ways to improve practitioners' knowledge, confidence and skills when delivering financial education provision in educational settings, and in other services and settings supporting children and young people in vulnerable circumstances. There is also scope within this funding stream to scale up existing delivery of financial education to children and young people in vulnerable circumstances. Proposals will be considered for projects that: • Develop and test approaches to scaling and embedding training & support for practitioners in educational settings in England, Scotland and Northern Ireland - with a particular interest in reaching schools in areas of greater economic disadvantage; • Develop and test approaches to improving financial education for children & young people in vulnerable circumstances (VCYP), e.g. social workers, support workers, personal advisers and service leaders. MaPS are interested in seeking insight from & partnering with those already working to deliver outcomes in this space, but are also interested in supporting practitioners working with VCYP who wish to embed financial wellbeing into the services they provide who could contribute to this exercise. The evidence generated through this programme will be used by MaPS to inform and shape policy, strategy and funding led by MaPS and others who are shaping (or who have the potential to shape) financial education provision. The attached document and questionnaire includes further details, if you feel that your organisation is able to contribute to this exercise, please complete the questionnaire and return, via email to sophie.okusanya@maps.org.uk by 10am on Tuesday 30th August 2022. A virtual Early Market Engagement (EME) event will be held for this project on Thursday 8th September 2022. Please register interest to obtain joining instructions by emailing sophie.okusanya@maps.org.uk.