Caroline Dinenage MP for Gosport is encouraging education and training organisations to back Lloyds Banking Group's Money for Life Challenge, a national competition for 16–24 year olds.

As financial education has recently become part of the national curriculum, the Challenge is a complementary way for young people to learn vital money management skills, whilst helping to promote financial education in their community. The Challenge seeks to find the most successful and innovative ways that young people can use to improve their money management skills, as well as those of their friends, families and communities.

Caroline commented, "It's vital that young people in Gosport improve their financial skills and share their new knowledge with others in the community, and the Challenge is the perfect way to do this. In addition to the financial education that young people will receive as part of our new national curriculum, I'm keen to encourage education or community-learning organisations in Gosport to submit teams of young people to take part in the Money for Life Challenge.

"Applications for this year's competition are open until Friday 21 November 2014. I look forward to hearing about the innovative new projects that will be offered from young people in our area."

Teams of up to ten young people in further education, work-based learning, community learning or a training organisation can apply for a £500 grant to enter, with the support of an individual project sponsor from their organisation. Teams have until Friday 21 November 2014 to enter the competition.

National finals will take place in April 2015, followed by a UK Grand Final in London on 28 May 2015 to select the overall competition winner.

Young people interested in taking on the Challenge should keep an eye out for news of the 2014/2015 competition at, visit the Facebook Page at, or follow on Twitter at: @MoneyforLifeUK.