A Tyneside special school is set to become a centre for excellence for financial education.
Trinity School Deneview, which caters for students with behaviour difficulties, will be one of just 21 schools in the country to benefit from a new programme.
The primary school, in High Heaton, Newcastle, will form a partnership between global information services company Experian and pfeg (Personal Finance Education Group), the UK’s leading financial education charity.
The move means that pupils at the school will have access to a financial literacy programme, enabling them to gain the skills, knowledge and confidence they need to be able to make the right financial decisions and manage their money well into adulthood.
Several areas across the country have been identified as targets by Experian using its tools to identify levels of use of financial services such as bank and savings accounts.
Experian is funding the development of Trinity School Deneview to achieve pfeg Centre of Excellence status in the next year, turning it into a hub for teaching children and young people about money.
Pfeg’s educational specialists will work with the school to help create a tailored financial education programme for pupils and to ensure all teachers are trained to deliver innovative personal finance lessons and activities.
Mark Flint, head of school at Trinity School Deneview, said: “The whole team is very excited to be working towards becoming a Centre of Excellence in financial education.
“This is a key part of our plan to ensure that all of our pupils leave Deneview with the skills to succeed – including life skills such as money management. They will make personal finance decisions everyday, and the new learning we will soon be providing will set them up with the skills and knowledge they need to do this well.”
Tracey Bleakley, pfeg’s chief executive, said: “We are extremely pleased to be working with Trinity School Deneview and Experian to develop the school into a Centre of Excellence. This is the next exciting stage in our expansion of the pfeg Centres of Excellence programme, and will benefit thousands of young people in the local area.”
Chris Clark, managing director of Experian UK&I, added: “This important new partnership with pfeg will make a real difference to children and schools in those areas in the UK where support is needed the most.
“Giving people access to the information they need to make better financial decisions sits right at the heart of Experian and we have been developing free financial education resources for a number of years.”
As part of the programme, the school will also be supported in delivering its knowledge and expertise to help other schools in the local area set up their own financial education programmes.