The term financial inclusion means people having:
- Access to general financial services and products
- Skills, knowledge and confidence in dealing with money matters and making sound financial decisions
Background
The Financial Inclusion Derbyshire partnership began in Summer 2008 with a conference on financial Inclusion. A strategy for Derbyshire was then developed with wide partnership involvement. Database of over 230 people from across public, private and third sector in Derbyshire was used. A research workshop was held in November 2008 and further consultation also carried out by email. A strategy consultation conference was then held in April 2009. The resulting Financial Inclusion Strategy for Derbyshire 2009-2012, produced summer 2009, identified three strands of work: Affordable Credit Banking and Savings; Debt Advice; Financial Capability. Each of these areas has an action plan.
Aim
The FID partnership and strategy aim to create the conditions in Derbyshire which enable people to be financially included. We will do this by working collectively to implement a strategy which will: Inform and shape the work of all agencies concerned with economic support, learning and advice Identify gaps in service provision and look at ways of addressing unmet needs Highlight good practice with a view to sharing good models of delivery across the County.
FID Project and Strategy
The FID project is funded by East Midlands Improvement and Efficiency Partnership for Two years. The Strategy and Action Plan were endorsed by Derbyshire Partnership Forum on 26 June 2010.
Rural and Urban
Derbyshire is a very varied county with both rural and urban areas, across eight districts. There is financial exclusion in both the rural and the urban areas, requiring different approaches and styles of working.
Nationally, in rural communities 250,000 people have no local access to either a post office, bank or building society or cash machine. “Poor public transport systems and long travel times make physical access to mainstream financial services difficult and more costly for people living in rural communities” (Commission for Rural Communities, 2009).
Keep Reading...
- Key Areas of Work
- Contact and links
- Financial Inclusion Strategy for Derbyshire 2009-12 (pdf, 249.5 KB)
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