Natwest Skills & Opportunities Fund
We are pleased to announce that we have been awarded an 18 month Grant by NatWest through their Skills & Opportunities Fun for our project ‘Money Matters’ which we will be launching over the summer of 2018.
Money Matters will support parents to better manage their finances and financial priorities, improve income levels and build skills to help prevent financial difficulties; and will help to alleviate high levels of child poverty experienced by children when their parent’s income is lower than average household incomes - and as a means to improve their mental and physical wellbeing.
Money Matters will be provided by a Money Matters Mentor who will deliver:
- Budgeting Surgeries - at Leeds City Council Children’s Centre and Foodbanks.
- Those attending will be able to talk about their financial issues and family concerns.
- The Money Matters Mentor will undertake income and benefit checks; give basic support with budgeting; identify parents who would benefit from taking part in workshops on Budgeting Skills; and/or signpost to services appropriate to their needs.
- Budgeting Skills Workshops - will be delivered at venues across Leeds identified as areas of deprivation. Content will include ‘why budgets are important’, ‘practical budgeting tips’, how to obtain the best utility tariffs, and the co-production of a personal budget.
Money Matters will support parents experience a range of issues that impact on their financial situation including low incomes, unemployment/underemployment, reducing benefits, and the Benefit Cap forcing many to use high-interest lenders/Payday Loans to pay for daily living costs. Many also experience vulnerabilities resulting from Domestic Abuse, alcohol and drugs that can disempowered them financially.
The projects need are informed by evidence from our Debt and Housing Advice and Support services; Leeds City Council data; and from consultation and feedback from parents we have worked. The project is also informed by our concern of the role out, in Leeds, of Universal Credit (Autumn 2018) which will create additional budgeting complexities for those already struggling to manage their money.
More details to follow…………………………………