En­ter­prise to ex­pand

Ser­vice now avail­able

Rutherglen Reformer - - News - Dou­glas Dickie

A so­cial en­ter­prise that aims to tackle fi­nan­cial ex­clu­sion has set up a new base in Castlemilk.

Scot­cash was founded with sup­port from the likes of Glas­gow City Coun­cil and Glas­gow Hous­ing As­so­ci­a­tion.

They of­fer af­ford­able loans from £50 as well as fi­nan­cial ad­vice to res­i­dents.

Since be­ing set up, the group has saved cus­tomers £4.7mil­lion in in­ter­est pay­ments while they have also helped open 2,261 bank ac­counts and 652 credit union sav­ings ac­counts.

In 2013, a £1m grant from the Big Lot­tery Fund helped them launch bases in the east and north of the city.

They are now sup­port­ing the open­ing of the Glas­gow south base, which will al­low res­i­dents in Castlemilk, King’s Park, To­ry­glen and Croft­foot to ac­cess the ser­vice more eas­ily.

CEO Sharon MacPher­son said: “Our model ad­dresses the needs of low in­come com­mu­ni­ties in a sus­tain­able way, demon­strat­ing that you can suc­cess­fully pro­vide fi­nan­cial ser­vices that many strug­gle to ac­cess.

“The poverty pre­mium paid by those least able to af­ford it is some­thing we at Scot­cash have com­mit­ted to ad­dress by pro­vid­ing lower cost al­ter­na­tives.”

The base will also be sup­ported by Job­cen­tre Plus, Jobs and Busi­ness Glas­gow and GHA Castlemilk, who have al­lowed a loan of­fi­cer to be based at their premises.

Big Lot­tery Fund Scot­land di­rec­tor, Jackie Killeen said: “Scot­cash is a great ex­am­ple of a part­ner­ship pro­ject that con­nects peo­ple to a range of ser­vices across the city.

“Their work means that they can reach out and of­fer fi­nan­cial sup­port to peo­ple who need it most.

“The Big Lot­tery Fund is de­lighted to sup­port Scot­cash’s suc­cess, en­abling ac­cess to fi­nan­cial ser­vices for those who can of­ten find it a chal­lenge.

“It’s great news that those who live and work in Glas­gow South will also be able to ben­e­fit from their ex­per­tise.”

Scot­cash also works with Glas­gow Cen­tral Cit­i­zens’ Ad­vice Bureau, Home En­ergy Scot­land and One Par­ent Fam­i­lies Scot­land to pro­vide help and ad­vice to cus­tomers. The loan of­fi­cer is avail­able at:

Job­cen­tre Plus, Unit 1, Castlemilk Ar­cade, Glas­gow, G45 9AA, on Mon­days and Tues­days

GHA, 15 Dougrie Road, Castlemilk,. Glas­gow, G45 9NG, on Wed­nes­days and Thurs­days

Jobs and Busi­ness Glas­gow, Glen­wood Busi­ness Cen­tre, 21 Glen­wood Place, Glas­gow G45 9UH, on Fri­days.

Res­i­dents can phone the of­fice on 0141 276 0525 if they wish to make an ap­point­ment for a loan or ba­sic bank ac­count.

They can reach out and of­fer fi­nan­cial sup­port

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