Lessons in finance need cash support

An education charity that has succeeded in getting personal-finance education onto the curriculum in 300 secondary schools is now seeking £5m to roll out the initiative nationwide.

The Personal Finance Education Group has carried out training for teachers, who have taught 150,000 pupils over the past four years, and received strong support from the Minister for London Schools Stephen Twigg at an event in the capital last week.

A report from Brunel University showed that the charity's four-year project, Excellence and Access, has been key to improving young people's financial awareness.

The PFEG plans to run its education activities in half of English secondary schools by 2007, plus others in Scotland, Northern Ireland and Wales.

But the charity has estimated that it needs £5m to achieve that goal.

"We have the logistics in place to roll out personal-finance education across the country - all we need is money," said Vola Parker, business and resources manager at the PFEG.

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