MP backs bank bid to help youngsters with money skills

Young people in Cumbria are being encouraged by South Lakes MP Tim Farron to take part in a challenge that will help them improve their money management skills.

Lloyds Banking Group's Money for Life Challenge offers grants of £500 to people aged 16 to 24 who want to set up a money management project in their community. Tim is backing the campaign.

Tim said: "This is a fantastic opportunity for my constituents, the challenge awards £500 grants to hundreds of 16 to 24 year olds who want to run a money management activity in their community, with the best projects going head to head to win a coveted place at the National and UK Grand Finals."

Local residents can apply for one of 250 grants until Friday 22 November by visiting www.moneyforlifechallenge.org.uk

Sarah Porretta, head of the programme at Lloyds Banking Group, said: "The aim is to embed money skills in communities across the country to help them prosper.

"Last year's teams and their projects helped us achieve this goal. I would urge anyone who has an idea about how they could help improve their community's money management skills to apply."