Two coastal primary schools have been honoured with prestigious awards in recognition of their commitment to the financial education of their pupils.

Staff and pupils at Westwood Primary School and Grove Primary School in Lowestoft are celebrating after receiving the ‘HSBC Smart Money Award 2023’.

The schools, which are both part of The Active Learning Trust, have been praised for their continued focus on developing an age-appropriate understanding of finance among their pupils.

Both schools - on Westwood Avenue in Lowestoft and Framfield Road, Carlton Colville in Lowestoft respectively - are dedicated to providing a holistic education that equips their students with the skills and knowledge needed for a successful and well-rounded life.

Lowestoft Journal: Westwood Primary School pupils celebrate HSBC Smart Money Award. Picture: Westwood Primary SchoolWestwood Primary School pupils celebrate HSBC Smart Money Award. Picture: Westwood Primary School (Image: Westwood Primary School)

A scheme conducted in partnership with HSBC has seen them actively involved in visiting the schools to assist in delivering the sessions.

With the HSBC UK Smart Money Award designed to build financial competence through interactive lessons and tailored activities aimed at specific age groups, it aims to develop pupils’ financial knowledge, skills and attitudes for a successful financial future.

Rachel Kounnas, interim Head of School at Grove Primary School, said: "I am thrilled that we have been recognised for our commitment to teaching our pupils about financial literacy and responsible financial management.

"We live in a time where financial knowledge and confidence is a vital life skill.

"These sessions have provided pupils with valuable information, guidance and practical tips to make better decisions when it comes to money.”

Through the programme, children across the two forward-thinking schools have developed their understanding of the value of money, managing their finances and making sensible purchases as they progress through life.

Lynsey Holzer, CEO of the Active Learning Trust shared her pride in the two schools: “We recognise the importance of our pupils learning practical life skills, such as being confident in managing their money, from a young age so we were delighted to welcome HSBC into our schools. The sessions have been fun and informative and the awards are fitting celebrations of all that the children have achieved. Well done everyone!”