Minister Tim Loughton has urged other local authorities to follow Surrey County Council’s lead by launching a savings scheme for children in care.
The Children’s Minister described Surrey’s scheme that sees cash young people pay into a savings account doubled by the council as “very innovative”.
County councillors are also contributing from their members’ allocation to a bursary fund for children in care that could amount to around £40,000.
Mr Loughton said: “I do hope that a lot of other local authorities follow the example that you’ve led with here. Clearly there are some really exciting things going on in Surrey.”
He made the comments at a County Hall event to mark the launch of the scheme.
Surrey leader David Hodge said: “I was brought up in an orphanage in Dublin so I’m a looked after child. There were great people there who looked after me and made a huge impression on my life and what public service really does mean.”