January 17, 2023
New funding from the Santander Foundation will support Youth Federation to increase financial literacy and skills in young people aged 14-25 in Cheshire. Working with schools, youth groups and uniformed youth organisations, as well as a local Financial Management company, young people will become financially empowered through group learning sessions, as well as more intense mentoring support where requested.
Financial sessions will include topics, such as:
- Planning ahead
- Savings
- Budgeting and money management
- Mortgage advice, renting, independent living costs
- Overdrafts, avoiding debt
- Negotiation skills, value for money, price comparisons
- Understanding the value of money in a cashless society
- Rewards apps, saving stamps, using community groceries
- Living within your means
Young people will also benefit from increased digital skills, including cyber security and managing money safely online, as well as learning about training and employment opportunities in the finance sector.
The funding awarded comes from the Santander Foundation, an independent grant making foundation funded and supported by Santander UK. The foundation is supporting Youth Federation as part of a £4.8m funding programme to digitally and financially empower people across the UK. Judith Moran, the Santander Foundation Chair said, “We’re delighted to be working alongside and supporting Youth Federation, with their expertise and approach this funding will positively change the lives of thousands of young people over the 3-year funded programme.”
Kevin Bradburne, Director of Operations at Youth Federation, stated “We are very excited to deliver this programme, and give our thanks to the Santander Foundation for giving us this amazing opportunity to improve the lives of young people in Cheshire and prepare them for the future.”