Financial Inclusion Partnership
Many people don’t have access to things like bank accounts and low cost loans, especially if they’re living on low incomes. This means they’re more likely to use the ‘alternative credit market’, such as loan sharks, and pay higher interest rates.
To help, we’ve set up a Financial Inclusion Partnership, which is involved in a wide variety of activities across the city, including:
- Savings and Loan Hub: a shop in the Indoor Market that offers local residents advice on savings and loans
- House 2 Home: a project in Sparkbrook that teaches people skills such as DIY, managing a household budget and how to get online.
Birmingham’s Financial Inclusion Partnership works alongside partner organisations, such as Citizens Advice, the Consumer Credit Counselling Service, Job Centre Plus, credit unions, housing associations, banks and utility companies (gas, electricity and more). You can download the partnership's Financial Inclusion Strategy and Action Plan for Birmingham.
Find out more
If you’d like to find out more about the Financial Inclusion Partnership, or if your organisation would like to get involved, email us at email@example.com.