Decision details

RESOLVED:       That Cabinet approve:

i)             CYC’s proposed overarching approach to Financial Inclusion, in particular the draft Action Plan, for the next 12 months, as set out at Annex A of the report, including proposed arrangements for Economic Infrastructure Funding.

ii)            The draw-down of £300,000 identified from the Economic Infrastructure Fund to facilitate the above approach.

REASON:            CYC’s policy approach to financial inclusion is intended to increase the scope and build the capacity of CYC and other partners to deliver a more co-ordinated approach to financial inclusion across the City, bringing about the following outcomes:

·                   The creation of a Citywide financial safety net, with good information and advice available for all residents.

·                   The identification of a programme of proactive outreach campaigns in areas of specific need.

·                   The embedding of financial inclusion within all council strategies and all directorates / service plans.