£422k awarded to Credit Unions across Wales
Communities and Children Secretary, Carl Sargeant has announced £422,334 for credit unions across Wales during 2017-18.
The funding will help credit unions continue to support financially excluded members as well as help their longer term sustainability. Projects will include schools savings schemes and community engagement programmes.
Carl Sargeant said:
“We know the importance of credit unions in helping people who are struggling to manage their money. The Welsh Government funding provided between April 2014 and December 2016 has helped credit unions support more than 29,000 financially excluded members with just over £23 million provided in loans to those who need this help. This demonstrates the role credit unions play.
“Credit unions are ideally placed through their relationships with local employers, schools and other community organisations to help strengthen the financial resilience of communities, through improved access to responsible credit and saving opportunities. In reaching out to local schools they help to encourage a savings habit from an early age.”
Latest News from
Review Group calls for views on teachers’ pay and conditions19/01/2018 14:10:00
A group reviewing teachers’ pay and conditions in Wales is calling for the public’s views as the Welsh Government prepares to put in a place a new Wales-specific system from September 2019.
Statement by Cabinet Secretary for Energy, Planning and Rural Affairs on Avian Influenza19/01/2018 13:10:00
Cabinet Secretary for Energy, Planning and Rural Affairs, Lesley Griffiths commented on the detection of Avian Influenza at two sites in England
Plan launched to improve respiratory health in Wales19/01/2018 12:15:00
An updated plan to improve respiratory health in Wales has been launched today by the Health Secretary, Vaughan Gething
A celebration of Wales at Cardiff Castle19/01/2018 11:05:00
Prince Harry and Meghan Markle can look forward to a real mix of the traditional and contemporary when they arrive at Cardiff Castle this afternoon.