MP impressed with innovative Greenwich project that invests in young people’s futures
Published by N Dorrington for The Hyde Group in Housing and also in Communities, Education, Health
Nick Raynsford at the Money House
On Friday (4 October 2013) Nick Raynsford, MP for Greenwich and Woolwich, visited ‘The Money House’ in Greenwich, London, an exciting project where young people aged 16-24 learn skills to better cope with their finances so they can confidently live independently and successfully maintain their housing tenancies.
The Money House is part of the BIG Lottery Fund’s Improving Financial Confidence Programme. The £1 million project, led by housing association, The Hyde Group, and delivered in conjunction with the Royal Borough of Greenwich (RBG), Greenwich CAB (GCAB), Meridian Money Advice (MMA), MyBnk and YMCA, will last for four years.
The project is being delivered to young people leaving care or supported housing as well as those who are already social housing tenants.
At what was the 5th Open Day at The Money House, visitors to the Big Brother-style flat - where young people receive a week’s training - were shown how the trainers engage with the young people using various approaches and tools.
This includes the ‘Diary Room’, for personal and peer reflections; the Money Map, a large section of the wall to show off completed activities and My Money Diary, a personal workbook completed daily.
“I am immensely impressed with commitment and professionalism of those who deliver The Money House programme, and their ability to communicate information about budgeting and finances to young people. It’s an excellent scheme which I’m sure will make a big difference to the lives of young people in Greenwich,” commented Nick.
Tom Gardiner, host of the event and Hyde Plus Manager, East Region, added: “It’s great to welcome new people to ‘The Money House’ - especially visitors like Nick who has a background in housing and can talk about it to his peers in parliament. I really enjoyed seeing our guests learning about the project and getting stuck into the tasks set by our training team.”
So far, 11 groups of young people have attended the training course and over 60 have achieved an AQA accreditation in Participating in a Group Work Programme and Budgeting and Debt Management.
Carol Carter, Hyde’s Group Director of Housing said: “Today young people face challenges they would never have had to deal with before, so this project is very timely. It’s very encouraging that The Money House is having such a positive impact and that young people who have learnt to be more confident about financial issues are recommending the benefits of the programme to their friends.”
Tom concluded : “The Money House is proving, with every new group that attends, that it is needed. Young people who take on tenancies are often unprepared for the overwhelming amount of information and responsibility they take on. The Money House addresses this with our expert training team, exciting setting and bespoke materials which make the information easy to understand.
“We recently contacted young people who attended in Apriland all of them feel that their financial confidence has at least doubled based on where they were before they started the course.”
To refer a young person for the training or to find out more please e-mail email@example.com or visit The Money House Facebook page for financial tips and points of interest and updates on training. Follow the Money House on Twitter @TheMoneyHouse