Junior Achievement is seeking a funding partner to reinstate its financial literacy programme.
This comes as financial education is set to become compulsory in all UK schools following an announcement today by the Labour government.
For over 12 years, the Manx charity delivered its ‘It’s All About Money’ programme in secondary schools, teaching more than 10,000 students essential skills like budgeting and understanding credit.
Following a major funding cut in 2022, the charity sustained the programme using its reserves. This is no longer viable, and the programme is now on hold.
Sue Cook, CEO of Junior Achievement, said: “It’s great to see financial education being recognised as essential in the UK.
“We have seen first-hand how valuable it is for young people to understand money early on. It’s disappointing that, at the same time, we have had to pause our work here due to funding challenges.”
The charity aims to reinstate the programme in 2026 and continues to support 4,000 young people with workplace skills development.