Issue - meetings

This report highlights progress made in establishing a Steering Group to drive forward financial inclusion policy and actions as agreed by Cabinet in November 2012.  

RESOLVED:       That Cabinet note the progress made in establishing a city-wide framework for improving the financial wellbeing of York’s residents and the successful application to the Big Lottery Funded Advice Service Transition Project.

REASON:           To update Cabinet on progress made in gaining financial inclusion for resident’s across the city.

Consideration was given to a report which highlighted progress made in establishing a Financial Inclusion Steering Group (FISG) to drive forward financial inclusion policy and actions, previously agreed by Cabinet in November 2012.

The Steering Group with membership from each of the Council’s directorates, Citizen’s Advice Bureau and South Yorkshire Credit Union were meeting on a regular basis to develop a tactical approach to investment and co-ordination of financial inclusion for the next 3 to 5 years.

Details of their current work, overview of the York Financial Assistance Scheme and the successful bid to the Big Lottery Advice Service Transition Fund were set out in paragraph 3, with their work programme at Annex A.

Members suggested a request for a years funding to the FISG for outreach work in libraries. Officers confirmed that consideration would be given to this funding, referring to recent discussions with the Credit Union around this work which would result in an increased package for these services.

RESOLVED:       That Cabinet note the progress made in establishing a city-wide framework for improving the financial wellbeing of York’s residents and the successful application to the Big Lottery Funded Advice Service Transition Project.

REASON:           To update Cabinet on progress made in gaining financial inclusion for resident’s across the city.