Personal Finance Education Group (1)

MQT on 2014-12-17
Session date: 
December 17, 2014
Question By: 
Fiona Twycross
Labour Group
Asked Of: 
The Mayor


Thank you for your response to Question 2014-4578 ('financial education'). Can you please outline (a) when did the Greater London Authority (GLA) start funding the Personal Finance Education Group, (b) the annual financial contribution made by the GLA and (c) until when the GLA has committed to funding the group?


Answer for Personal Finance Education Group (1)

Answer for Personal Finance Education Group (1)

Answered By: 
The Mayor

A.     Through the London Schools Excellence Fund (LSEF) the GLA began to fund PFEG, 13th November 2014 (varied 28th February 2014.)  

B.     PFEG were given an award of £75,000 through LSEF. They were awarded additional funding of £70,932 (£145,932 in total)  in November 2014 to scale up their project. The breakdown by financial year: 

-          2013/14 £33,320

-          2014/2015 £112,612

C.     The delivery of the project will continue until September 2015.