Posted on 19 September 2016
The Money House – a pioneering training programme delivered from a real flat which helps vulnerable young people at risk of homelessness to manage their finances and live independently – has been shortlisted for a prestigious Guardian Public Services award.
“I’m delighted that this valuable and innovative programme has received such recognition at a national level,” said Hyde Plus Special Projects Manager, Tom Gardiner.
The judges were looking for a project or team which demonstrated an exceptional level of application, innovation and achievement and delivered a substantial improvement in a public service which has made a real difference to people’s lives.
The Money House is an exceptional Lottery-funded project that takes vulnerable young people at risk of eviction and homelessness and educates them in personal finance, and other independent living skills preparing them for independence and financial resilience.
“We created an environment where young people who may not have engaged in school can learn about topics that can be hard to teach. By using a real flat, specialist trainers and bespoke materials we have made improving young people’s financial confidence fun,” explained Tom.
To date, more than 500 young people aged 16-25 have completed the one-day and five-day training courses. Graduates of The Money House are three times less likely to be in arrears of over £500 than those in their age group who have not completed the programme. Of a sample of 63 graduates who attended in the first two years none were evicted.
The winners and runners-up will be announced at an awards ceremony in November 2016 and a special Guardian supplement will be published online and in the paper on 30 November 2016.