Financial Inclusion Strategy
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Members were invited to consider and agree the Financial Inclusion Strategy for Breckland and recommend it to Council for approval.
RECOMMEND to Council that the Financial Inclusion Strategy and associated action plan be adopted.
Reasons for the decision:
This would be the first Financial Inclusion Strategy in Norfolk. It aimed to build strong partnerships to deliver services to a cross section of the community. Financial hardship did not just affect social housing tenants it impacted on the young, the old, homeowners, those in work as well as those out of work.
The Strategy was a positive reaction from the Strategic Housing team on the impact to their service from those experiencing financial hardship. Having a Strategy in place would enable the Housing team to have a platform to make funding bids to secure resources where actions needed to be delivered outside of the budget constraints.
Alternative options considered:
To agree to adopt the Strategy for financial inclusion would demonstrate the Councils priority to improve the quality of life of residents currently facing severe hardship due to unemployment, reduction in income and loss of their homes. The current financial climate had touched every resident in some way. This Strategy enabled an opportunity to strengthen partnerships to deliver appropriate services to Breckland’s residents.
Not to agree to adopt the Strategy would prevent a coordinated planned approach to service delivery for those requiring financial support. It would undermine the partnerships that have been developed and demonstrate to residents that the Council did not recognise the difficulties that they might be facing in the current climate.
Publication date: 14/05/2009
Date of decision: 12/05/2009
Decided at meeting: 12/05/2009 - Cabinet