For The Better Award: announcing our chosen partner

By Teamspirit on Friday, 12 October 2018

We announced the For The Better Award back in July, a first-of-its-kind pro bono initiative created in partnership with our friends at the Finance Innovation Lab.

Together, we put out the call for not-for-profit and charitable organisations working to improve financial wellbeing. Our chosen partner would receive pro bono access to £10,000 of our award-winning communication expertise to help them in achieving their goals.

Since then, we’ve received a host of brilliant applications. We’d like to thank each and every organisation that entered, all of whom are doing fantastic work to improve financial health across the UK. You can read the full shortlist here.

With so many excellent entries to choose from, we’ve had a hard time choosing our partner. But now, after much deliberating, we’re thrilled to announce not one, but two winning organisations: Avon Mutual and Vestpod.

Vestpod exists to empower women through financial education. They aspire to be the go-to resource for women when it comes to managing their money by tackling difficult subjects in an inclusive, engaging and non-patronising way. Through offering weekly newsletters and workshops, Vestpod aims to start an open conversation around money - whether you want to learn about budgeting and personal finances or start building investments.

Avon Mutual aims to offer a locally-rooted, socially-impactful bank. It will be run as a co-operative, with a stated aim of supporting the unbanked and underserved in the west of England by offering financial products and infrastructure to individuals who might otherwise be excluded. Operating under a different governance structure to the major high-street banks means that Avon Mutual will be able to prioritise delivering services that make a difference to people and to the communities that it operates in.

Montserrat Tojeiro, Group Board Director, Teamspirit said: “It has been a very exciting time for all of us at The Finance Innovation Lab and at Teamspirit as #forthebetter reached judging stage. The breadth of entries has been truly inspiring, ranging from chatbots to new financial management apps; new banks to financial services designed specifically for the most underserved. Unfortunately, we’ve been limited in who we can support but we are delighted to announce that the joint winners of our marketing support will be Avon Mutual and Vestpod, two organisations that are tackling systemic issues very close to our heart. We’d like to take the opportunity to thank everyone who got involved, shared news of #forthebetter and took time to enter. We can’t wait to get started!”

Over the next few months, we’ll be providing regular updates on our work with Avon Mutual and Vestpod. And make sure to check back next summer, when we’ll once again be opening entries to the For The Better Award.

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