Jo backs youth challenge offering grants for money management projects

Local MP Jo Swinson 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.

The Challenge, working alongside YoungScot in Scotland, awards small grants for 16 to 24 year olds to run a project 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 run a money management project in the local community. Applicants need the support of an individual project sponsor from their learning provider. Teams have until Friday 22 November 2013 to enter the competition.

The most inspiring and impactful projects progress to the National Finals in April 2014, followed by a UK Grand Final in London on 15 May 2014 to select the overall competition winner.

Commenting, Jo said:

“I’d love to see education and community organisations in my constituency encourage teams of young people to take part in the Money for Life Challenge.

“The Challenge is a great way for young people improve their financial skills and share their new knowledge with others in the community. 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 , or join us on Facebook  and on Twitter

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.

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