Premier League pilot scheme success

By Zebra Colour

13 Mar 2017

A year on after being commissioned by the Premier League to conduct a pilot scheme on financial literacy, Red Star Education based in Blackpool can demonstrate some tremendous results.

A number of Premier League clubs undertook the trial which provides financial literacy education to help young academy scholars understand personal finance, and to assist them in taking responsibility for their financial future, whether that is in or out of football.

The scheme is aimed at Year 1 and Year 2 academy scholars (16 -18 years) and delivers many aspects of personal finance, including budgeting, tax, savings & investments, pensions, mortgages, management of debt, credit and credit cards. These are delivered through five 1-hour sessions on site at the academy.

Stoke City, one of the clubs involved in the pilot is delighted with the results and can see the incredible value it brings to their young scholars. Greg Briggs, Academy Head of Education from the club commented, “It’s essential that our youngsters have the confidence to take responsibility for their financial futures and the structured programme delivered by Red Star Education is both interactive and engaging.”

Success is assessed through a base line test to see how much scholars understand at the beginning of the course and feedback is then collected from them and the Head of Education at the end of the course. 98.25% of participants of the pilot said that the course was “effective” at meeting its aims.

Another club involved in the pilot is Sunderland AFC, who have found the scheme equally successful, with young academy scholars grasping the complexities of financial planning.

Don Peattie, head of education and welfare from Sunderland AFC, said: “We teach our youngsters a whole range of football skills, but it is also vital that they learn other life skills whilst in training, such as personal finance. We’ve found the Red Star Education team extremely approachable and knowledgeable, making our youngsters feel at ease and able to partake in discussions about finances. We hope this will help them as they go through their professional lives, whether that is in football or another career.”

With National Financial Literacy Month fast approaching in April, the Red Star Education team hope this important aspect will be highlighted significantly throughout the sporting world, and encourage more Premier League clubs and other football academies who are forward thinking, as well as other sporting academies outside of football to invest in the scheme.

Nick Cunliffe, director at Red Star Education, commented: “We think more football clubs will see the benefit of this type of education and how it aids the long-term wellbeing of their players. We hope that seeing the positive impact of financial planning on mental health and consequently performance on the pitch will encourage more clubs to invest in their young players in this way.”

Contact Nick Cunliffe on 01253 486346 or email [email protected] for further details or visit the website at www.redstareducation.co.uk

   

Enjoyed this? Read more from Zebra Colour

Latest news

1

Chiptech announces major innovation initiative at high-profile reception with the New Zealand Prime Minister in London. The Rt Hon Jonathan Reynolds, the Rt Hon Christopher Luxon and the Rt Hon Steve Reed (L-R Front Row) David Hammond, and Daniel Knowles

Chiptech announces major innovation initiative at high-profile reception with the New Zealand Prime Minister in London.

30 Apr 2025

2

Northstone secures full planning permission for 50 new homes in Edenfield Edenfield housing development

Northstone secures full planning permission for 50 new homes in Edenfield

29 Apr 2025

3

Ring Stones Maintenance and Construction celebrates completion of Dovestone Gardens Dovestone Gardens launch

Ring Stones Maintenance and Construction celebrates completion of Dovestone Gardens

29 Apr 2025

4

PHX Training welcomes new business leader to drive learner success Louise Kirby

PHX Training welcomes new business leader to drive learner success

29 Apr 2025

5

Lidl to invest half a billion pounds in its expansion as it eyes sites in Lancashire Lidl

Lidl to invest half a billion pounds in its expansion as it eyes sites in Lancashire

29 Apr 2025

Pc Prestonmacan Gif980x120 March
Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
LBV122 May/June Launch Event
121 Lancashire Business View Magazine Launch
Networking
21 May 2025

LBV122 May/June Launch Event

Lancaster and Morecambe College, Lancaster, LA1 2TY

08:30 - 10:30

Sub36 Networking
Networking
11 Jun 2025

Sub36 Networking

British Jewellery School, Scorton, PR3 1BA

15:00 - 17:00

Lancashire Net Zero Carbon Conference
Net Zero Carbon Social 1200px 2
Networking
18 Jun 2025

Lancashire Net Zero Carbon Conference

Crow Wood Hotel & Spa Resort, Burnley, BB12 0RT

08:30 - 13:00

Lancashire Built Environment Conference 2025
BEC 315 X 315 Px
Networking
25 Sep 2025

Lancashire Built Environment Conference 2025

Blackpool Football Club, Blackpool, FY1 6HX

08:30 - 13:00

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
02 Apr 2025 - 08 Oct 2025

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 15:30

Planning for the future + navigating Inheritance Tax changes
Planning for the future + navigating Inheritance Tax changes for website.png.png
LBV Hub Seminars
01 May 2025 - 01 May 2025

Planning for the future + navigating Inheritance Tax changes

Stanley House Hotel, Mellor, Blackburn, BB2 7NP, Blackburn, BB2 7NP

08:00 - 10:30

Advantage: AI – A Workshop for Business Leaders – May 2
EV-land-2025-05B.png.png
LBV Hub Seminars
02 May 2025 - 02 May 2025

Advantage: AI – A Workshop for Business Leaders – May 2

Door4 Office, Burnley Wharf, Manchester Road, Burnley, BB11 1JG

09:00 - 11:00

A night at the races
1.png.png
LBV Hub Dinners / Balls
02 May 2025 - 02 May 2025

A night at the races

Morecambe FC, Morecambe, LA4 4TB

19:00 - 23:59

Innovating business solutions through PhD Partnerships
30478 Skills Bootcamp open day setting.jpg.jpg
LBV Hub Networking
07 May 2025 - 07 May 2025

Innovating business solutions through PhD Partnerships

University of Central Lancashire, Preston , PR1 2HE

14:30 - 15:30

Celebrating 50 years of KTP
UCLanAerialCampus.jpg.jpg
LBV Hub Networking
07 May 2025 - 07 May 2025

Celebrating 50 years of KTP

University of Central Lancashire , Preston, PR1 2HE

16:00 - 18:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more Lbv121 Online Graphic
Subscribe now

Weekly news bulletin