Views wanted on Draft Financial Inclusion Strategy


Posted on Wednesday 1st June 2022

In light of the current cost of living crisis, the council want to ensure that Blackpool residents are able to access support during times of financial crisis, whilst also building their financial resilience.

A Financial Inclusion Strategy has been drafted and the council is interested in hearing from local residents to ensure the strategy is reflective of local needs.

Financial inclusion refers to when individuals have access to useful and affordable financial products and services to help live their lives. The council’s definition also includes emergency support for those in immediate financial difficulties.

Examples of those who experience financial exclusion are those without a bank account, poor financial knowledge, debt or low income or unemployment. Although financial exclusion is not just about lack of money, it is also influenced by various interconnected factors such as digital access, age, gender, ethnicity and health.

The strategy aims to make sure residents are aware of what financial help or benefits they are entitled to, make sure they understand any terms of a financial agreement, as well as help people become financially resilient to ensure they are able to manage money better and avoid debt.

The survey asks for opinions on the draft strategy, to ensure what is proposed is in line with public thinking.

Cllr Neal Brookes, Cabinet Member with responsibility for benefits, said:

“Given the current unprecedented financial pressures on individuals, as a result of the cost of living crisis, inflation, rising national insurance contributions and the Coronavirus (COVID-19) pandemic, this strategy could not come at a more important time.

“We are determined to increase financial resilience and inclusion opportunities for all Blackpool residents. We really want to hear from as many residents as possible to ensure that we are supporting them in the right way.”

 

Residents are invited to complete the survey on the council’s website by 20 June. https://wh1.snapsurveys.com/s.asp?k=164995106632

There is also a draft strategy available for residents to read  www.blackpool.gov.uk/Your-Council/The-Council/Council-constitution-and-plans/Draft-Financial-Inclusion-Strategy-2022-2027.aspx

 


Posted on Wednesday 1st June 2022

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