The Scottish National Party's Mr Pete Wishart, Member of Parliament for Perth & North Perthshire, has highlighted the launch this week by Lloyds Banking Group of the third year of their Money for Life Challenge, a national competition to encourage young people to improve their money management skills.
Speaking today (Thursday) Mr Wishart said:
"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.
"The competition aims to find the most successful and innovative ways to improve the money management skills of learners, their friends, families and communities. Project team members must be between 16 and 24 years old and in further education, work based learning or adult community learning.
"Last year’s winners ‘Bouncing Babies’, a team from County Antrim, Northern Ireland, set up a support group for young mums that met weekly and had guest speakers who covered a range of topics, from student finance and childcare costs to living well for less and healthy recipes on a budget.
"It would be fantastic if a Perthshire group were to be successful in securing a grant or - even better - make it all the way to winning the Grand Final. I know that we have a lot of really talented, resourceful and innovative young people here in Perthshire and I would really encourage anyone who is interested to get involved."