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Southwark Council ran a Smart Savers competition to give the school with the highest number of sign ups £2,000 towards books and IT equipment for their pupils.

The council is pleased to award this year’s prize to St Joseph’s School in Camberwell.

The schools’ Smart Saver lead Patrick Reilly accepted the cheque from Cllr Richard Livingstone today, along with two year six pupils at the council’s office in Tooley Street.

Cllr Richard Livingstone, Cabinet Member for Financial Inclusion and Adult Care, said “I’m really pleased to be able to present this award to St Joseph’s to help towards books and IT equipment for the school as recognition of their commitment to the Smart Savers Scheme. Helping young people learn to be responsible with money is an important part of growing up. I am also pleased to announce that we will be continuing our £20 vouchers, offered over the summer, throughout year three of the scheme which launches today. I hope it will help encourage lots of local children turning eleven to sign up this school year.”

The council doubled the Smart Savers offer vouchers from £10 to £20 over the summer, and hopes to give young people even more opportunity to claim their voucher by launching the scheme in earlier than previous years.

Southwark Smart Savers was launched two years ago to help young people save and teach them about responsible financial behaviour including experience of budgeting, saving and handling cash; giving them the tools to manage their money well into adulthood.

The council want to help the next generation to be financially savvy smart savers, starting with every year six* child from Southwark. Since the scheme began in 2015, hundreds of primary school children living in the borough have claimed their vouchers. Year three of the scheme was launched today (7 October).

Smart Savers voucher’s can be claimed by visiting any London Mutual Credit branch, and bringing along your Southwark voucher letter, proof of address and child’s birth certificate or passport.