Barclays VIP visits young people's money management project

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A group of young people from Haringey had the opportunity to showcase an innovative peer education project to senior executives and employees from Barclays.

Guglielmo Sartori do Borgoricco (centre), Global Head of Distribution for Barclays Capital, visited the Barclays Money Skills ‘champions’ project at Education2day

Mr Borgoricco said: “It was inspiring to meet these young people who are committed not only to improving their own financial knowledge, but also sharing their new skills with their friends and peers."

The Barclays Money Skills ‘champions’ project supports young people to build their financial skills and provides them with training to enable them to share their financial knowledge with their peers. Barclays Money Skills ‘champions’ is delivered by a consortium of leading youth and information charities, led by the National Youth Agency, working in partnership with local delivery agencies including Haringey's Education2Day.

Guglielmo Sartori di Borgoricco, Global Head of Distribution for Barclays Capital, visited the project at Education 2Day, where groups of young people are being trained as peer educators - known as Barclays Money Skillls ‘champions’.

Mr Borgoricco said: “It was inspiring to meet these young people who are committed not only to improving their own financial knowledge, but also sharing their new skills with their friends and peers.

“Managing money is an essential life skill, and making good financial decisions helps to improve life opportunities and prepare for a secure future. We hope that by training these 'champions' to be peer educators we will be able to support up to 100,000 young people, including many who would otherwise be hard to reach.”

One of the ‘champions’, Iriesha Deb, aged 18, said: “This project has really helped me to understand more about money. I have been able to identify lots of ways I was wasting money – and the project has shown me that by making a few small changes I can make big savings”

The ‘champions’ also met two young people who have recently started the Barclays apprenticeships programme, Shelbie Sinclair from Barking and Tyrone Apaloo-Taylor from Poplar, who are now working towards qualifications in Financial Services as part of their training.

Guglielmo and the Barclays apprentices participated in a training session with the Haringey ‘champions’ called ‘Learning the lingo’, designed to give participants a better understanding of common financial terms and their meaning, and to understand the implications of not getting to grips with these terms.

Rob Garrett, support worker at Education2Day, said: “The programme is going fantastically well, and the young people are finding it very interesting and beneficial in terms of how they manage their money. It was great to have a senior representative of Barclays visit our project, and come and get involved with our ‘champions’.”

Barclays Money Skills ‘champions’ aims to recruit 5,000 ‘champions’ nationwide, who will eventually spread their money skills to up to 100,000 of their peers.

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Notes to Editors

Barclays Money Skills ‘champions’

Barclays is working with a consortium of six leading youth charities, led by the National Youth Agency, to deliver Barclays Money Skills ‘champions’ – an innovative peer education project designed to build the financial capability of 5,000 disadvantaged young people who are not in education, employment or training. These young people will be provided with intensive training and support to build their money management knowledge and confidence, as well as being equipped with the skills to become Barclays Money Skills ‘champions’ to share this information with their own peer group.

Barclays Money Skills

Barclays Money Skills ‘champions’ is part of Barclays wider financial capability programme, Barclays Money Skills, which helps young people to build the financial skills, knowledge and confidence they need to manage their money more effectively.

Barclays Money Skills forms part of Barclays long-term commitment to improving the financial capability of young people and other vulnerable groups across the UK, to help them achieve financial independence and security.

The programme tackles topics such as opening a bank account, budgeting, saving, and spending - and gives practical guidance on making informed financial choices and where to go for help and advice.

Barclays Apprenticeships Programme

Barclays is recruiting 1,000 apprentices this year and is looking to help young people aged 16-24 with no prior experience or qualifications into work. Apprentices receive a full salary and training, and everyone who successfully complete the programme is guaranteed a permanent job. To find out how to apply visit http://jobs.barclays.co.uk/apprenticeships/

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