The Welsh Liberal Democrats Assembly Member for South Wales West, Peter Black is encouraging education and training organisations to back the Lloyds Banking Group's Money for Life Challenge, a national competition for 16-24 year olds in further education, work-based learning, adult community learning or training organisations.
With financial education becoming increasingly important for young people, the Challenge is another way for teams to learn vital money management skills, whilst also helping to provide financial education to their communities.
The Challenge is supported by Lloyds Banking Group and seeks to find the most successful and innovative projects that young people can use to improve their money management skills, and those of their friends, families and communities.
Teams of up to ten young people in further education, work-based learning, adult community learning or a training organisation can apply for a £500 grant to enter, with the support of an individual project sponsor from their learning provider. Teams have until Friday 22 November 2013 to enter the competition.
National finals will take place in April 2014, followed by a UK Grand Final in London on 15 May 2014 to select the overall competition winner.
Mr. Black commented, "With financial education becoming increasingly important for young people I'd like to see at least one education or community organisation in my constituency encourage teams to take part in the Money for Life Challenge.
"It's important that young people in my constituency improve their financial skills and share their new knowledge with others in the community, and the Challenge is a great way to do this. Applications for this year's competition are open until Friday 22 November 2013, and I look forward to hearing about the wonderful projects that will be proposed."
For more information on the Money for Life Challenge, please go to: www.moneyforlifechallenge.org.uk , or join us on Facebook at www.facebook.com/moneyforlifeuk and on Twitter at www.twitter.com/moneyforlifeuk
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About Money for Life
Money for Life is Lloyds Banking Group's award-winning personal money management programme, targeted at young people and adults in the wider Further Education, work-based learning and community learning sectors. Lloyds has invested £8million in the programme from 2010-14.
The Money for Life Qualifications programme provides accredited, fully-funded training to enable organisations to embed money management skills at a local level.
The Money for Life Challenge is a national competition that provides £500 grants to empower teams of 16-24 year olds to develop innovative money management projects that impact their communities.
Money for Life was awarded a Big Tick and was highly commended in Business in the Community's Awards for Excellence 2012 and was reaccredited in 2013. It was also awarded a special mention in the Independent newspaper's Peer Awards 2012.