Our News

17 April 2013

Cardiff and Vale College youths highly commended in national awards programme

A team of Retail Level 2 students from Cardiff and Vale College have been applauded after impressing judges in the first round of the Lloyds TSB Money for Life Challenge, a competition designed to inspire better money management skills.

The team of students were one of 250 projects in the UK to receive a £500 grant in December; the team has put their project into action as money saving experts by setting up a Make Do And Mend event where they showed people how to revamp their old clothes. Held at the YMCA in The Walk, Cardiff, the students also custom-made outfits and sold detachable collars and cuffs with all money raised going to the YMCA.

The team were highly commended by a panel of judges only just missing out on making it to the next stage of the competition, where five shortlisted teams will meet at Cardiff City Stadium on 23 April, to showcase their Money for Life Challenge projects.

Katy Davies-Bunting from Make do and mend/Retail Level 2 said: “I think the event was a success. I had basic sewing skills already, so I could teach some of the other students that had basic sewing skills. Other skills I have developed are financial budgeting skills, communication skills and working as a team. Overall I think it was a good project which could be carried forward to the future to help people create their own business.”

Sarah Porretta, Head of the Money for Life Programme at Lloyds Banking Group, said: “The Money for Life Challenge is a brilliant opportunity for young people to tackle money management issues head-on and devise projects to help improve financial awareness for their family, friends and local communities. The Cardiff and Vale College Retail students should be so proud of what they have achieved with their project and we wish them all the best for the future.”

Money for Life Challenge is part of the Money for Life programme, a unique partnership between Lloyds Banking Group and further education sector partners in the four nations of the UK, including Colleges Wales and the National Training Federation for Wales.

The competition aims to find the most successful and innovative ways to improve the money management skills of learners, their friends, families and communities. Team members are between 16 and 24 years old and in further education, work based learning or adult community learning.

For more information on the Money for Life Challenge, please go to moneyforlifechallenge.org.uk, or join us on Facebook at www.facebook.com/moneyforlifeuk and on Twitter at www.twitter.com/moneyforlifeuk