Principality Building Society
Pioneering money management workshop delivered across the region thanks to corporate partnership with Principality Building Society
“We’re proud to be supporting Techniquest Glyndŵr in delivering a fantastic financial education programme across North Wales and the borders. A key aspect in enabling children and young adults to prosper is to ensure they are financially capable. We are committed to supporting our hard working schools in being able to do this.
We were impressed by Techniquest Glyndŵr’s workshops, which provide a realistic experience of the subject and were keen to join forces to deliver this programme.”
Dave Critcher, Acting Head of Retail, Principality Building Society
A corporate partnership with aligned brand values
In Autumn 2019 Principality Building Society teamed up with Techniquest Glyndwr to create and deliver a financial literacy workshop across the region.
The pilot scheme, brokered by the Principality Building Society Marketing, Engagement and CSR team, has helped to cement the organisation’s commitment to financial education.
Thanks to funding from Principality, we’re proud to have been able to create and deliver an interactive money management workshop:
Delivered to 420 children from 11 schools within North Wales, Shropshire and Cheshire
Aimed at children aged 5-7
Giving children the tools to become confident with money as they grow up
As part of the pilot scheme Techniquest Glyndŵr staff were joined by Principality Team members at each school, giving branch staff the opportunity to volunteer within our charity as part of the organisation’s CSR commitment.
Connecting curriculum-related workshops with industry expertise
Having recently received funding from the Wellcome Trust, the partnership came at a pivotal time for Techniquest Glyndwr as we aim to work more collaboratively with industry partners to bring our exhibits and workshops to life at the new state-of-the-art centre in the heart of Wrexham.
Responding to research
The partnership builds on the principles and practices within the new curriculum in Wales as well as responding to research commissioned by the Money Advice Service in 2013 that has identified a vital fifteen-year window of opportunity from age 3-18 to transform the UK’s future financial health.
The research highlights how:
The brain is in a period of rapid development throughout childhood and adolescence, creating, strengthening, and discarding the connections, which govern everything we do. This includes our attitudes about, and our ability to manage our money, potentially from the age of three years old.
The mind is highly malleable in the early years, but as the brain matures, learning and behaviour that is not embedded is likely to be lost, whilst that which is firmly ingrained becomes habitual.
Attitudes and habitual responses such as whether we avoid bills, or value money above all can be shaped by the age of seven. Other aspects of financial capability, such as the ability to override your habitual responses reach adult levels by the age of 12. [Habit formation and learning in young children (Money Advice Service, 2013)]*.
Teachers can’t do it alone
The financial strategy document shows that “Teachers and schools need more support to deliver effective financial education… and that whilst there are many examples of well delivered financial education, existing interventions are not operating at sufficient scale to meet need, and some teachable moments, such as at primary and pre-school are being missed.”
Techniquest Glyndwr are proud to be part of the scheme funded by Principality Building Society to ensure that those ‘teachable moments’ are in fact embraced.
Below are some of the comments we’ve had from the teachers from the schools that have received the activities:
'All the children were thoroughly engaged and were able to be involved at a range of levels according to ability’
St Chad's School, Hanmer
The Grange Primary School
Brynteg CP School
'Brilliantly interactive and well-pitched for the age group’
‘The children were aware of money previously, but the concept of saving was new’
‘Very well organised, all the activities set out in a very child-friendly manner and a good variety’
Barrow CE Primary
‘Great resources, children learn more when they are interactive learners’
Research and statistics taken from the Financial Capability Strategy of the UK
If you are interested in our corporate partnership opportunities we’d love to hear from you, please contact firstname.lastname@example.org.