The MHA 1892 Foundation will offer grants of up to £3,500 to initiatives that promote financial education and help young people develop key career and life skills. Funds will be raised through charitable activities across the firm, including at its Gatwick office, with additional match funding from partners.

David Boosey, Partner at MHA’s Gatwick & Kent offices, said: “Colleagues across the UK already raise substantial funds for community causes, particularly those focused on financial education. Bringing these efforts together under a single national foundation allows us to coordinate our impact and empower our teams.

“The MHA 1892 Foundation will provide a meaningful way for our people to support the communities in which we work, while helping tackle an issue of national importance.”

A growing body of research shows that low financial literacy among young people is affecting the UK’s financial wellbeing and long-term economic prospects.

David Boosey added: “Ensuring that every young person has access to financial education is essential for building a brighter future. The government’s curriculum changes are a welcome step, but they won’t take effect for several years and cannot solve the issue alone.

“Through the MHA 1892 Foundation, we will support organisations working with young people from all backgrounds, helping them gain the financial confidence and knowledge they need to navigate an increasingly complex world.”