Published on:
01 December 2020
To help support the UK Strategy for Financial Wellbeing’s goal of two million more children and young people receiving a meaningful financial education by 2030, the Money and Pensions Service (MaPS) and UK Finance came together to map the current state of financial education delivery and reach across the UK.
With the support of HM Treasury, the provision mapping work aims to build an up-to-date picture of projects, interventions, and activities delivering financial education to under 18 year olds in the UK. This will allow MaPS and the wider sector to scale the provision of meaningful financial education and identify and address gaps in provision to target financial education where it is most needed.
The mapping work identified 94 financial education interventions for children and young people, with a reported annual reach of around 3.1m children and young people and annual spend of around £7.3m.
Key highlights include:
This provision mapping exercise also identified key gaps in provision, including:
The findings identified in this analysis will continue to be one of several data and information sources that are reviewed and utilised by MaPS to inform a number of strategies, including our children and young people commissioning strategy, our corporate strategy, and the work being undertaken as part of the UK Strategy for Financial Wellbeing. We intend to put out a new call for information every three years, ahead of production of new commissioning plans.