The award acknowledges the work that has been taking place with Sixth Form students and the Erasmus + Personal Finance Programme, which aims to make young people more informed of everyday financial issues including savings and investments and borrowing and mortgages.

Mr Wareing was awarded a Judges’ prize for his exceptional attention to investing education.

A member of the judging panel, Mr Wilson, Chief Executive Officer at Interactive Investor explains his reasons behind this award: “I was so excited to see that teachers like Russell are really tackling important subjects like investments with young people.”

"He is clear and concise on the important stuff and explains in brilliant detail the importance of investor concepts such as growth, balanced and income investing. He has also managed to organise trips and speakers from a range of financial firms that shows real dedication to the craft of teaching about investing.”

Fellow judge Mr Seagull, a TV personality, author, maths teacher and University Challenge finalist agrees: “Russell has done very well to enhance the profile of finance. He has taken part in enriching projects that allowed his students to travel domestically and abroad.”

Mr Wareing, Head of Business and Economics at Lancaster Royal Grammar School said: “Pupils have been creating resources that will be used to teach young people how to manage their money and be aware of the various opportunities and risks. Our group have been looking at investments and mortgages and have created resources to increase awareness in these issues in really innovative ways through producing engaging films and leaflets.”

Mr Wareing also took a group of students to Cyprus to meet partner schools and share best practice.  Talking about the trip, pupil William Salhab said: “Over the course of the week, our hard work over the past few months paid off as the modules students had made on personal finance were tried and tested to great success. Presentations by the teachers from our various schools were well-taught and informative, students learned highly useful information for their future as well as the importance of the topics in contemporary life; the work we did felt truly important to not only ourselves but young people in general.”

Mr Wareing has been awarded £1500 to spend on equipment in school which will be used to make the teaching of personal finance fun, interactive and relevant to the pupils they teach.