Published: 16th Jul 2014

The need to reduce financial exclusion has been identified as a priority by people in Big Local areas. Local Trust delivers the Big Local programme with an investment of over £200m from the Big Lottery Fund. Big Local is happening in 150 communities across England over the next 15 years. It provides residents in each community with at least £1m and a range of other support and funding to develop ways of making their areas even better places to live. Lack of access to banking facilities and affordable credit, extortionate interest rates, spiralling personal debt and resources flowing out of local areas are all growing problems in Big Local areas. We believe that every adult, household and business should have access to affordable finance and people in Big Local areas have been clear that this is often not the case. We have found that banks and other financial service providers have retreated from … (To read the full article, subscribe below)