HSBC has worked with Young Money to launch a financial education programme designed to help teachers and parents collaborate during Covid-19.

The announcement comes as the UK is undergoing a second national lockdown, which has put pressure on teachers and parents to deliver fun home and school learning.

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Developed with the support of HSBC UK, the Money Heroes online hub aims to improve financial capabilities of one million children ages three to 11 over the next three years.

Stuart Haire, head of wealth and personal banking at HSBC UK, said: “We want to help children develop financial capabilities that will help them thrive for a lifetime, that is why developing innovative and impactful programmes like Money Heroes is so important.

“And with young people predicted to be hardest hit in the years to come as a result of the current pandemic, it has never been more important to focus on the life skills required to build financial independence and resilience from an early age.”

The Money Heroes online hub

Through the programme, parents and teachers will have access to a stream of resources and guidance. In addition, they will be able to track and share individual children’s learning plans.

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The Money Heroes online hub also includes family-friendly games to play at home, a parent guide and teach audit tool and a regular podcast featuring experts in financial education, parenting and wellbeing.

Sharon Davies, CEO of Young Enterprise and Young Money, said: “The Covid-19 crisis has tested the financial resilience of many families as well as disrupted in-classroom learning, elevating the need for more flexible and effective financial education resources to help young people build financial capabilities for a changing world.

“With support from our long-time programme partner HSBC UK, we have been able to develop Money Heroes as a bespoke and openly accessible platform that will evolve to help meet the needs of parents, teachers and young people, now and in the future.”

Furthermore, Young Money has plans to develop the hub further, by adding free in-house teacher training for over 500 primary schools over 2021 and 2022. It also aims to add storybooks, which will be available in print and online from well-known authors.