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UK Shared Prosperity Fund: presentation June 2022

Focus of regional activity

Financial literacy
  • Use of short introductory financial literacy modules to introduce maths and give people practical help
  • Exacerbated by the cost of living crisis more people are needing to know how to make their money go further and mange household budgets
  • Focus will be on community delivery and engagement, those further from the labour market or inactive.
Universal credit claimants in work
  • Use of short sessions using ‘better off in work’ as an intro to engage people in improving their basic maths skills. Packaged with an intensive IAG and career planning session that will include recommendations for further maths and other skills training
  • Delivered in partnership with JCP who will refer all new UC claimants as they move into work for an introductory session
  • Will be delivered on-line and in ‘neutral’ locations
In work residents learning online with tutoring
  • Work with universities to develop a tutoring model using undergrad and post grad students
    • Testing a new approach to both delivery and workforce issues (lack of maths teachers) 
    • Focus will be on those in work with busy lives, delivery through on-line resources supported by on-line small group tutoring
Delivery through employers
  • Offer through employers to offer introductory maths sessions to their workers
  • Focus will be on specific sectors
  • Large employer and SME offers
  • Advocacy work with mainstream intermediaries
  • Development work with niche intermediaries