Barclaycard has pledged £150,000 to fund education grants for lone parents in the UK, as part of its Horizons community investment programme.
The commitment means parents keen to further their education can apply for grants to fund course fees, or help towards costs for books, equipment, travel or childcare to support their studies.
Barclaycard has invested £7m in the Horizons programme since 2005, providing more than 450,000 lone parents with access to work placements, mentoring, financial management advice, and grants to support education and training.
According to recent research from Barclaycard*, 97 per cent of the scheme’s previous participants believe grants from Horizons have improved their employment prospects, and 94 per cent say they would have been unable to begin or complete training courses without support from the programme.
Helen Dent CBE, Chief Executive of Family Action, said: “In such a difficult financial and employment climate, lone parents need financial support and creative solutions to overcome such barriers to learning and training as course costs, travel, childcare costs and costs for equipment. That’s why the Barclaycard Horizons programme is so innovative.”
Alan Ainsworth, Head of Public and Community Affairs, Barclaycard, added: “Lone parents have many plates to balance and we know that finding time, let alone the money, for training for a new job can be tough. We’re proud that through our Barclaycard Horizons programme we can provide this funding and help make such a difference to families across the UK.”