Financial Education for Children and Young People

Scope: Activity to support the UK Strategy for Financial Wellbeing's 'Financial Foundations' National Goal to increase the number of children and young people across the UK getting a meaningful financial education.

The Money and Pensions Service is seeking to undertake a series of procurement exercises to support its statutory duty to develop and coordinate what is required to improve the provision of financial education to children and young people across the UK.

From previous evaluations of activity and research we know that children's experiences of and learning about money can have an impact on their ability to manage money later in life.

MaPS recently published the UK Strategy for Financial Wellbeing.

This sets out five multi-year programmes of work, called Agendas for Change.

One of these focuses on 'Financial Foundations', with a national goal to ensure two million more children and young people across the UK receive a meaningful financial education by 2030.

Collective action from all those involved in the financial education sector is required to reach this goal.

This includes the financial services industry, the devolved authorities and the public and voluntary sectors.

In addition to the UK Strategy for Financial Wellbeing, MaPS has also published delivery plans for England, Wales, Scotland and Northern Ireland which set out the priorities that, if implemented, MaPS believe will significantly transform financial wellbeing across the UK.

For 'Financial Foundations' these include but are not limited to: •Expanding MaPS' evidence-based financial education programme for parents and carers, Talk Learn Do.

We will seek to digitise this programme and extend its application to other groups, including parents and carers of older children •Supporting schools, school leaders and teachers to provide financial education including via teacher training, guidance and evaluation of materials •Ensuring children and young people in vulnerable circumstances also benefit from a financial education.

Across a number of different opportunities, MaPS will be seeking suppliers who can offer some or all of the following skills, knowledge and experience: •Ability to identify, reach and influence desired audiences at scale across the country •Ability to create appropriate learning materials from scratch and/or tailor existing material ensuring it is suitable for the desired audience •Track record at delivering programmes successfully in-person and online •Track record of carrying out evaluation and research, we have particular interest in experience from programmes for children and young people and those who work with them •A strong understanding of the policy landscape and a strong knowledge of the needs and wants of these desired audiences, including how to reach and communicate with them effectively •Knowledge of effective digital communication and a track record in designing, building, and communicating resources and messages to a tailored audience.