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Financial confidence project celebrates helping over 150 young people with money advice

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Financial confidence project celebrates helping over 150 young people with money advice

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Published by C Bromley for DCH in Housing

Financial confidence project celebrates helping over 150 young people with money advice Financial confidence project celebrates helping over 150 young people with money advice

One year on since its launch a financial confidence project for young people in Plymouth celebrated helping over 150 young people with money and budgeting advice.

The Wis£er Wonga BIG Lottery Funded Financial Confidence Programme celebrated with an event at Plymouth Foyer on 1st April. The financial confidence project is a project working predominantly with 16-24 year olds living in social housing in Whitleigh, Barne Barton, Devonport and Stonehouse. The event was a great opportunity to meet the team and to hear from young people themselves about how this service has helped them.

The project’s Financial Confidence Caseworker Michelle Auditano has worked with over 100 young people helping them to open safe bank accounts, set up direct debits as well as set up payment plans for rent arrears. Four young people are currently taking part in a youth work apprenticeship through the project where they are engaging with other young people while working their way to being fully qualified youth workers. 

Alia Ellis, Level 2 Youth Work apprentice with the financial confidence project said: “We work at Plymouth Foyer for 6 months with the young people, shadowing the financial confidence caseworker. We meet with residents helping them with their individual budget plans, filling in forms and helping them access online budgeting tools. It’s amazing to see all the behind the scenes work that goes into helping the young people. I am really keen to be a qualified youth worker in the future, and the apprenticeship opportunity through the project is a big stepping stone.”

Since the project started in April 2013 and throughout the year the financial confidence team have set up a city wide advisory group, a project group in Barne Barton and Whitleigh.

Jenny Endean from DCH and the Wis£er Wonga financial confidence project management group said: “The project has been an amazing success so far and we are excited at seeing the next stages come together. Feedback from the young people we have supported has been so positive. It’s essential to the project that we see real outcomes and more young people of Plymouth being able to manage their money with confidence.”

The unique financial confidence project has £864,210 funding over 5 years from the Big Lottery Fund.  The team are hoping to engage with over 1, 500 young people during the life of the project which will span over 5 years.

The project is collaboration between a selection of agencies in Plymouth including DCH, Plymouth Citizens Advice Bureau and The Zone. Social housing providers are able to access an innovative service that improves their young resident’s lives and enhances community stability. For further information on Wis£er Wonga financial confidence project contact Ann Kinahan ann.kinahan@plymouthcab.org.uk

Ann Kinahan Wis£er Wonga financial confidence project lead said: “We have been out in the city supporting our young people and working closely with local businesses to  help identify and recruit prospective mentors and coaches linked to business that could support the project. There are plenty of opportunities for people to get involved and we are excited to work with them going forward.”

 

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