Financial Capability Interventions in Wales
The following interventions that currently exist across Wales have been identified by various forums and stakeholders, as the Strategy develops this list will be updated. If there is an intervention that needs to be captured on this list please contact: [email protected]
Delivery Interventions - Children and Young People Region Organisation Anglesey/ Ynys Mon CAB deliver financial capability sessions to KS3 pupils in schools. CAB Ynys Mon Money Advice Service in partnership with Welsh Government and Big Lottery Wales and various local authority Families first and Flying Big Lottery Areas across Start teams, will be conducting some ground breaking parenting interventions research in Wales. Financial capability will be ‘added on’ Wales/MAS/ Wales to existing parenting programmes and will be evaluated over a two year period following the intervention. WGov Barry / Cardiff & Families First sessions run to parents at primary Schools in the Barry area by Cardiff & Vale CAB. CAB Vale Caerphilly & Family interventions - ‘Banks and Babies’ in Caerphilly and Blaenau Gwent, and Family financial capability by Caerphilly CAB. Caerphilly CAB Blaenau Gwent Herbert Thompson Primary School in Ely, Cardiff run an innovative model of a school savers club. The club has 6 pupil volunteers Communities managing the club, supervised by adult volunteers. They collect savings on a weekly basis, with year 6 pupils training and overseeing First Group ACE younger pupils in years 4 and 5, building their money management skills. Savers get a time credit for saving, and volunteers get Cardiff and Cardiff and additional time credits for managing their savings club. The time credit scheme is managed by the local Communities First Group ACE, Vale Credit and credits can be used in a number of local sports, leisure and arts facilities. Union Hywel Dda Primary School in Ely has been earmarked for a potential time banking/reward scheme to enable financially excluded Hywel Dda children to be able to earn small rewards which will allow credits to their credit union account. Cardiff Council have allocated £500 Cardiff Primary / funding for the pilot project. Hoped to be delivered during the next academic year. Cardiff Council Cardiff & Vale CAB also plan to run budgeting sessions with NHS Wales for 14-25 who have completed their cancer treatment to be Cardiff & Vale CAB delivered at the Heath hospital, Cardiff. CAB/ Denbighshire CAB provide Preventative Money Advice sessions with North Denbighshire Communities First and Denbighshire County Communities Denbighshire Council Families First as partner agencies. First/ Families First
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Delivery Interventions - Children and Young People Region Organisation Barclays ‘Prepare for work’ scheme deli ered in schools includes financial capability elements ational Barclays ales lle al oney endin nit teachin packs ha e been distributed in primary and secondary schools ational Go ernment Go ernment Financial education has been in the school curriculum in ales since ational Go ernment mplementation of a re ised curriculum is planned a new applied aths GC , which includes financial education elements ational Go ernment he elsh Baccalaureate is bein re launched in eptember and will include financial capability ational he elsh Go ernment has de eloped a suite of financial education materials for use by primary and secondary schools, local authorities and or consortia to deli er uality trainin for teachers he materials may also be used by an indi idual practitioner aimin Go ernment ational to enhance their knowled e and identify opportunities to deli er financial education in their own classroom http learnin o wales resources learnin packs financial education lan en Teacher’s resource, Money Matters A pack of four n lish medium no els for children between and years old that supports Gwales financial education in line with the specific re uirements of the iteracy and umeracy Framework he series is also a ailable in elsh, ational elsh Books under the title 'Cyfres y Geiniog' Council nter entions for youn people in an informal education settin such as youth clubs and outreach detached youth work are aried and ad hoc istin inter entions and resources include the oney Ad ice er ice Young People’s toolkit for youth workers and videos of ational A youn people and their money e periences A Cymru deli ers trainin or information which includes money mana ement to families, Children and oun people who ha e or ational A may ha e additional learnin needs embrokeshire Communities First will soon pro ide family learnin opportunities to de elop skills around bud etin and healthy embrokeshire embrokeshire cookin on a bud et CC Financial capability inter entions are bein deli ered in primary and secondary schools by Communities First, CAB, includin Communities outh est embrokeshire Communities First, Caerphilly and Blaenau Gwent CAB Cole y Cymoed, and erthyr CAB with Credit nion and First CAB ales yBnk yBnk