Financial Inclusion Services

Descriptions

In December 2016 Welsh Government (WG) published a refreshed Financial Inclusion Strategy which sets out its ambition for a well functioning and comprehensive financial system in Wales. The strategy defines how WG aims to work with partner organisations to improve access to affordable credit and financial services, improve access to financial information and build financial understanding and capability, so people will have the skills and knowledge to take advantage of these improvements.Since October 2014 the City of Cardiff Council (the Council) have provided funding to support the increase in access to ethical sources of credit for low income households and the promotion of basic bank accounts, budgeting accounts and affordable loans. Financial support has also been provided to facilitate the delivery of a school savers scheme which provides an opportunity for children and young people to save regularly using facilities provided at schools. The school savers scheme aims to enhance budgeting and maths skills of its members and to educate them on the benefits of saving to encourage children to continue the habit into adult life.In the current financial climate, the challenge of tackling financial exclusion remains a priority. The specification in additional documents details the scope and requirements of services to promote financial inclusion in Cardiff.The Council is seeking interest from the market for providers that could deliver the service set out in the additional documents specification.NOTE: To register your interest in this notice and obtain any additional information please visit the Sell2Wales Web Site at http://www.sell2wales.gov.wales/Search/Search_Switch.aspx?ID=68937.