HSBC is launching a national educational scheme aimed at primary school children. The high street bank has teamed up with financial education charity the Personal Finance Education Group to launch What Money Means, which it says is the only national initiative of its kind.
Over the next five years, What Money Means will provide 17,500 primary schools with resources, materials and support in the classroom that will help teachers give children an understanding of how to use money responsibly.
The bank will contribute £3.4m to the scheme and expects employees to support the initiative by volunteering to work with teachers and parents.
HSBC Bank chief executive Dyfrig John says: “Giving young children a basic framework for making financial decisions and realising what those decisions will mean is the first step towards digging the foundations of long term prosperity.”