West Kent has been chosen as a partner for the Money Advice Service’s ‘What Works’ programme.
The £7 million What Works Fund is set up to help establish the most effective methods of improving financial capability methods across the UK.
Four out of ten adults are not in control of their finances and around 16.8 million working age people have less than £100 in savings. But there's very little evidence for what is the best way to address this issue. The What Works Fund aims to build this evidence and to establish the way to best help people to manage their money. Ultimately, the aim is to scale up the most effective projects in order to improve the levels of financial capability of millions of people across the UK.
Working with Canterbury Christ Church University as our learning and evaluation partner, our project will explore how support around financial management can help current and future apprentices and trainees aged 16-24 years old to prepare for making better financial decisions, including those relating to their employment prospects.
We are looking for young people aged 16 – 24 living in Sevenoaks, Maidstone or the Medway towns, who have left school and are transitioning into independent living to volunteer for the project. From those volunteers, we will randomly select participants for one of four programmes throughout the year, each lasting for two months, which will include online learning combined with 1-2-1s and other direct support that will fit around the individual’s existing apprentice and trainee commitments.
If you would like to know more please contact Claire Griffiths, Head of Communities, by emailing email@example.com or telephone 01732 749437.