There is evidence to show that train the trainer approaches, including providing teachers with professional learning to help them deliver financial education, have potential to improve children and young people’s money skills, knowledge and behaviors. However, across the UK, teachers report having limited access to financial education training or professional learning and many say they lack knowledge and confidence in this area.
The Money and Pensions Service’s children and young people pathfinder programme funded five pathfinder projects between 2019 and 2021, to test approaches to delivering evidence-based financial education at scale.
The aim of this pathfinder was to understand how to establish a scalable and sustainable model for delivering financial education in Wales, providing learning for wider delivery across Wales and the rest of the UK. It tested two approaches:
- A cascaded trainer-led professional learning approach, in which teachers and staff from two Regional Education Consortia took part in financial education training to become volunteer trainers and then cascaded financial education professional learning to other teachers.
- An e-learning approach that teachers completed independently at their own pace.
The project was delivered by Young Money (on behalf of Young Enterprise) and two of the Regional Education Consortia in Wales (GwE and ERW). The evaluation was conducted by the University of Edinburgh Business School.