Issue - meetings

The Director of Children’s Services, Education & Skills and the Principal Neighbourhood Management Officer to present a report which outlines plans for the delivery of a new local-area based financial inclusion project (4Community Growth York) to be carried out over 2 years as part of the York Financial Assistance Scheme.

Resolved:   That the Executive agrees:

a)    The implementation of the 4CommunityGrowthYork – Local area-based financial inclusion project as outlined in paragraphs 7 – 20 of the report.

b)    That the multiagency 4CommunityGrowthYork Local Action Group be supported.

c)    The use of a Social Return on Investment measurement tool for the duration of the project, in order to measure impact and social value for every £ invested and to support funding decisions.

Reason:      In order to support people in the identified communities to realise their potential and encourage financial stability and self reliance.

Members considered a report which outlined plans for the delivery of a new local-area based financial inclusion project (4Community Growth York) to be carried out over 2 years as part of the York Financial Assistance Scheme.

Officers confirmed details of the proposals to target funds to run multi agency financial inclusion projects within the Westfield, Clifton, Guildhall, Heworth, and Hull Road Wards.

Cllr Aspden confirmed that this project fell within his Deputy Leader, Economic Development & Community Engagement portfolio with progress being reported through the Financial Inclusion Steering Group. He expressed his support for the work which would replicate work already undertaken and be judged on the outcomes.

Following discussion it was

Resolved:   That the Executive agrees:

a)    The implementation of the 4CommunityGrowthYork – Local area-based financial inclusion project as outlined in paragraphs 7 – 20 of the report.

b)    That the multiagency 4CommunityGrowthYork Local Action Group be supported.

c)    The use of a Social Return on Investment measurement tool for the duration of the project, in order to measure impact and social value for every £ invested and to support funding decisions. ^1.

Reason:      In order to support people in the identified communities to realise their potential and encourage financial stability and self reliance.