{"id":2212512,"date":"2026-10-22T06:57:45","date_gmt":"2026-10-22T03:57:45","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2212512"},"modified":"2026-10-22T06:57:45","modified_gmt":"2026-10-22T03:57:45","slug":"saving-scheme-to-set-aside-10-a-week-for-children-in-care","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2212512","title":{"rendered":"Saving scheme to set aside \u00a310 a week for children in care"},"content":{"rendered":"

[analyse_image type=”featured” src=”https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/361e\/live\/26b1dd90-cd4e-11f1-8177-0f8bd59b54c4.jpg”]<\/p>\n

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\"GettyGetty Images<\/span><\/div>\n<\/div>\n
The States of Guernsey said about 40 people in care will be eligible for the scheme.<\/figcaption><\/div>\n<\/figure>\n<\/div>\n<\/div>\n
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A new government savings scheme will set aside \u00a310 a week for children in care for them to access when they turn 18. <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Established by the States’ Children and Family Community Services and Guernsey Community Savings, it is designed to give young people a financial foundation when becoming an adult. <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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The States said the scheme will apply to children from entry into the care system and 40 will benefit immediately.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Associate director of children services Lucy Cook said the savings accounts would support young people by “helping them to access opportunities that might otherwise be out of reach.”<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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The States of Guernsey said the transition to independent living for people in care can bring “significant financial pressures, from setting up a home to managing everyday living costs”. <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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“Having savings of their own can offer greater choice, security and confidence as they take this important step,” it said. <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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‘Supported and encouraged’<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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The States will pay a one-off fee to allpay, a payment services company, to establish the scheme.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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The charity Guernsey Community Savings will then open and manage the accounts, and work with each young person and their social worker as they approach their 18th birthday.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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At 18 years old, they will have the choice of opening an account with Guernsey Community Savings or transferring their savings to an account of their choice.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Cook said children in care deserve the opportunity to “look ahead with confidence and hope for their future”.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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“This initiative is about giving our care-experienced young people a stronger foundation and recognising our commitment to them as corporate parents. <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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“We want every child in care to know that they are valued, supported and encouraged to achieve their full potential.”<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Chief executive of Guernsey Community Savings Joe Brown said children from care are “particularly vulnerable to financial exclusion when they reach adulthood”. <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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“Giving them the opportunity to build up savings, and the financial security that comes with this, can make a real difference as they take their first steps towards independence.”<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Follow BBC Guernsey on <\/i>X, <\/i>Facebook<\/i> and <\/i>Instagram<\/i>. Send your story ideas to <\/i>channel.islands@bbc.co.uk<\/i>.<\/i><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n

[analyse_source url=”https:\/\/www.bbc.com\/news\/articles\/c6vg0klve484o”]<\/p>\n","protected":false},"excerpt":{"rendered":"

[analyse_image type=”featured” src=”https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/361e\/live\/26b1dd90-cd4e-11f1-8177-0f8bd59b54c4.jpg”] Getty Images The States of Guernsey said about 40 people in care will be eligible for the scheme. A new government savings scheme will set aside \u00a310 a week for children in care for them to access when they turn 18. Established by the States’ Children and Family Community Services and Guernsey […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[35,226],"class_list":["post-2212512","post","type-post","status-publish","format-standard","hentry","category-politics","tag-bbc-com","tag-crawlmanager"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2212512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2212512"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2212512\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2212512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2212512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2212512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}