Bow School in Tower Hamlets has received the Centre for Excellence award   Pic: Diamond Geezer (Flickr)

The Bow School in Tower Hamlets has achieved a Centre of Excellence (CoE) award for financial education after working with teaching specialists for the past three years.

Centre of Excellence awards are given to schools that have been recognised for bringing personal finance education to young pupils.

The school is now one of 111 schools and school clusters that have been awarded CoE status.

Bank of America Merrill Lynch has funded the programme, which aims to help young people understand more about money and personal finance.

Camilla Fletcher, head of EMEA Philanthropy at the bank, said: “We believe it is important for everyone to have good, basic money management skills, but particularly young people who are encountering money earlier than ever.

“Bow School has shown a great passion in ensuring their students have an in-depth knowledge of these essential skills and the award is well deserved.”

Staff at Bow School worked with education specialists from Young Enterprise for over three years in order to meet the criteria needed and to create a detailed programme of financial education throughout the school.

Cath Smith, executive head teacher at Bow School, said: “The whole team here have worked extremely hard, with Young Enterprise’s help, to embed financial education into our curriculum.

“I am delighted that their efforts have been rewarded with this reaccreditation as a Centre of Excellence. High quality financial education is already bringing significant benefits to our students as they take their next steps in life.”

The Bow school is currently one of three schools funded by Bank of America Merrill Lynch and now as a re-accredited Centre of Excellence. The school is aiming to share its expertise with other schools in the local area in an effort to benefit the wider educational community and students in neighbouring schools.