My Lords, I shall speak to Amendment 35 in my name, and I thank my noble friends Lord Storey and Lord Mohammed and the noble Baroness, Lady Barran, for adding their names to it. It seeks to extend the remit of Staying Close to include support in helping care-experienced young people to access services that provide financial support and literacy. I want to say immediately that I was delighted to see the Government’s amendments introduced on Report that will amend the information that local authorities must include within their care leavers’ local offer to cover financial support and services that provide financial literacy. This builds very much on our discussions in Committee, and I am grateful to the Minister for bringing forward those government amendments. This change will provide greater transparency and will help young people to understand their rights and entitlements better, as well as encouraging local authorities to think about the support they provide to equip care leavers to manage their finances effectively.
In our previous discussions on this topic, we highlighted how young people leaving care are much more likely to be living independently from a young age than other young people with greater financial responsibilities and often without a safety net—the bank of mum and dad that so many parents provide certainly is not there for them to fall back on. These factors, combined with young care leavers often feeling unequipped, unprepared and unsupported to manage the financial responsibilities that come with living independently from a young age, can put care-experienced young people at risk of facing unnecessary financial hardship and insecurity, falling often into rent arrears or debt, all of which can have a long-term impact on their well-being and security.
By seeking to expand the remit of Staying Close, my Amendment 35 would have plugged this gap even further, ensuring that young people who are leaving care are supported. I feel that this change would have real benefit, but the fact that the Government have brought forward these two amendments is an example of how constructive the debate was in Committee on this legislation. I thank the Government for that and for being open to amendments such as my Amendment 35, which would do a lot to improve the lives of care-experienced young people. Perhaps when the Minister responds, to provide absolute clarity, she will be able to confirm that government Amendments 39 and 40 will have the same effect as my Amendment 35, which, obviously, now I will not be pushing to a vote.