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- IG Group and Learn with Parents Collaborate to Reduce Educational Inequality in the UK
IG Group and Learn with Parents Collaborate to Reduce Educational Inequality in the UK
11 Aug 2022
Programme aims to connect British parents with resources to enhance their children’s education
11 August 2022: IG Group (LSEG:IGG) (“IG”), a leading global fintech, and Learning with Parents, a UK-based education charity, today announced a collaboration which aims to address educational inequality by empowering parents to engage with their children’s learning. IG Group funded an initial pilot program with a £50,000 donation, which has supported programmes for 3,000 families across England.
“Studies show that money habits are largely formed by age seven, increasing the chances of intergenerational struggles with financial literacy. Learning with Parents’ programmes aim to complement schools’ efforts by engaging parents in their vital role providing educational support for their children,” said June Felix, Global CEO, IG Group. “We believe the private sector has a key role to play in addressing the obstacles that individuals face in obtaining educational resources, specifically in STEM subjects, which are the building blocks of financial literacy. We are thrilled to collaborate with Learning with Parents to enhance access to quality education resources for UK families. This collaboration is a critical connection between teachers, students, and parents to get better outcomes from our collective efforts.”
Learning with Parents aims to address the achievement gap by developing parents’ engagement in their children’s learning and providing the framework and tools to better support their education. Through initiatives such as programmes for primary schools that replace traditional homework with child-led videos and hands-on family activities, Learning with Parents works to help parents overcome barriers they face in supporting their children’s education at home to help the 1.7 million children living in poverty in the UK. These children are more likely to fall behind in education, creating a distinct achievement gap by the age of 11 which impacts future life chances.
“The structural challenges faced by many families across the UK too often leaves children from disadvantaged backgrounds limited by their circumstances. By the age of 11, a disadvantaged child is on average nine months behind their peers in English and Maths. Beyond that, these children are at greater future risk of becoming unemployed, having poor health, and ending up incarcerated. Sadly, we are seeing further residual impact from the pandemic,” said Tom Harbour, CEO of Learning with Parents. “Through our partnerships with companies like IG Group, we have greater ability to support families and change the narrative around parents’ engagement in disadvantaged communities.”
IG Group’s initial donation was supplied by its Brighter Future Fund, the Company’s vehicle for funding community outreach projects. Through this fund, the company offers grants to carefully chosen charitable initiatives all around the globe. Previous partnerships with education charities include:
£2 million commitment to Teach For All’s UK network partner Teach First; £2 million commitment to Teach For All and their network partners around the globe, including Teach The Nation and Teach For Poland, both recently established to tackle educational inequality in South Africa and Poland, respectively; and a long-term partnership with Code First Girls, a charity dedicated to transforming tech by providing the skills, space and inspiration for women to become developers and future leaders. IG’s focus on financial literacy stems from the value it places on educational content to inform and empower the trading experiences of its clients.
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Contact information:
IG Group Press
Alayna Francis
020 7633 5395
Learning with Parents
Astrid Jenkinson
07708 516261
FTI Consulting
Katie Bell / Gina Magnin
079 7687 0961 / 07815 585 751
About IG
IG Group (LSEG:IGG) is an innovative, global fintech company that delivers dynamic online trading platforms and a robust educational ecosystem to power the pursuit of financial freedom for the ambitious. For nearly five decades, the Company has evolved its technology, risk management, financial products, content, and platforms to meet the needs of its retail and institutional clients. IG continues to innovate its offering for the new generation of tomorrow’s investors through its IG.com, tastytrade, IG Prime, Spectrum, and DailyFX brands.
Established in 1974, IG Group is a London-headquartered FTSE 250 company offering its clients access to ~19,000 financial markets through its offices spread across Europe, North America, Africa, Asia-Pacific and the Middle East.
About Learning with Parents
Learning with Parents is a registered charity that aims to take the lead in addressing the educational attainment gap, by motivating and empowering parents in the most disadvantaged communities to engage in their children’s learning. They do this through their school programmes and partnerships, which support all families to enjoy learning together at home. Learning with Parents also founded the Parental Engagement Forum and lead the Fair Education Alliance’s work on parental engagement to ensure that learning about supporting disadvantaged families is shared across the education sector.
Learning with Parents works at a national level, directly reaching over 8,000 families last year through their programme. For more information, please read Learning with Parents’ 2021 Impact report.