Loughborough university secures funding to offer money management workshop to disadvantaged students

Loughborough University has received £5,000 to enable them to deliver money management skills workshops to students from disadvantaged backgrounds in the East Midlands.

The donation was provided by the Santander Foundation, which offers Discovery Grants to UK registered charities for projects that help disadvantaged people in local communities.

Loughborough University is committed to improving the prospects of young people from groups which are currently under-represented in Higher Education. It runs a number of outreach events and activities designed to raise aspirations and achievements among some of the most disadvantaged young people in the East Midlands.

The workshop, called ‘The Price is Right’, has been designed to give school pupils an understanding of personal finance matters and provide them with simple budgeting tools. The year 10 and year 12 students will engage in interactive money management activities based on topics of interest to students, such as food, sports, family and independent living. The aim is to encourage the participants to think about how to stay in control of their finances as they transition into higher education, further training or employment.

Kirsty Wilkinson, School and College Liaison Manager at Loughborough University, said: “Transitioning from school into higher education, training or employment presents new financial challenges for many young people and the learning curve can be steep. Instead of concentrating on their education during this exciting time, we find many pupils from disadvantaged backgrounds are preoccupied by concerns over money. By strengthening these young people’s financial skills, confidence and knowledge, we aim to reduce their financial stress and to increase their chances of being successful in their chosen path.”

Kyle Warman, Branch Manager at Santander’s Loughborough University branch, said: “The Santander Foundation makes hundreds of donations every year to good causes throughout the UK. Our branch is committed to playing a key part in the community and we are delighted to be supporting Loughborough University in their outreach programme, and hope the donation makes a real difference to local people.”

- Ends -

Notes to Editors:

Media Contact
Leonora Burtenshaw at Santander 
Email: Leonora.burtenshaw@santander.co.uk      Tel: 020 7756 4543

Judy Wing at Loughborough University 
Email: j.l.wing@lboro.ac.uk       Tel: 01509 228697

About: Loughborough University

Loughborough is one of the country’s leading universities, with an international reputation for research that matters, excellence in teaching, strong links with industry, and unrivalled achievement in sports. It has been awarded five stars in the independent QS Stars university rating scheme, named 6th in the Guardian University League Table 2018 and top in the country for its student experience in the 2016 THE Student Experience Survey.

Loughborough University is committed to improving the progression prospects of young people from groups currently under-represented in Higher Education. It runs a number of outreach events and interventions designed to raise aspirations and attainment in some of the most disadvantaged young people in the UK.

For more information please visit: http://www.lboro.ac.uk/study/school-college-liaison/

Santander Foundation
The Santander Foundation is at the heart of the Bank’s community activities, providing grants to small charities and social enterprises working with disadvantaged people to fund skills, knowledge and innovation projects across the UK. Discovery Grants of up to £5,000 are available to support three types of activity:

  • Explorer: improving people’s knowledge
  • Transformer: supporting skills and experience
  • Changemaker: innovative solutions to social challenges

Over the last five years, the Santander Foundation has provided £26 million in funding to 13,914 UK charities through Discovery Grants and Staff Matched Donations. For more information please visit: www.santanderfoundation.org.uk

Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. It has brought real competition to the UK, through its innovative products for retail customers and relationship banking model for UK SMEs. At 31 December 2017, the bank serves around 14 million active customers with c19,500 employees and operates through 806 branches (which includes 61 university branches) and 64 regional Corporate Business Centres. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers are protected by the Financial Services Compensation Scheme (FSCS) in the UK.