Financial Inclusion Group
Middlesbrough Partnership has recently established a Financial Inclusion Group. The Group will bring together partners from the private, public, community and voluntary sectors to co-ordinate Middlesbrough Partnership’s response in promoting and improving financial inclusion across Middlesbrough
Financial inclusion is defined as 'access to appropriate financial products or services which give people the opportunity, ability and confidence to make informed decisions about their financial situation or organise their money effectively'.
The group will focus on three key areas of work :
a) Access to Debt and Money Advice – Providing a framework to ensure the effective and efficient co-ordination, delivery and access to debt and money advice across the town. The Group will also seek to ensure, through collaboration, that the use of resources to deliver these services is maximised and duplication is minimised.
b) Access to Affordable Credit and Banking Services –
Providing a framework to improve access to appropriate and affordable credit and banking services.
c) Financial Literacy – Developing approaches that will lead to improving financial literacy within the community.
For meeting papers and more information please click here