Money men­tor­ing on of­fer in fi­nan­cial project

The Scotsman - - Around Scotland - By LUCINDA CAMERON

Thou­sands of vul­ner­a­ble and dis­ad­van­taged people will be given a per­sonal money men­tor as part of a pi­o­neer­ing new scheme to tackle poverty and in­equal­ity.

Up to 4,000 people in Glas­gow fac­ing fi­nan­cial hard­ship will be given be­spoke help to be­come more fi­nan­cially and so­cially re­silient through the new My Money ser­vice.

People re­ferred to the pro­gramme will get high-qual­ity money ad­vice, debt sup­port, fuel ad­vice and ac­cess to af­ford­able credit such as low­cost loans and fee-free prod­ucts such as bank ac­counts and bud­get­ing ser­vices.

The scheme is aimed at people strug­gling with changes in cir­cum­stances, such as people cur­rently not in work, those mov­ing on to Uni­ver­sal Credit, those in low-paid work and sin­gle par­ents. The £4.25 mil­lion three-year pro­gramme is a part­ner­ship be­tween Glas­gow City Council and Wheat­ley Foun­da­tion, the char­i­ta­ble trust of Wheat­ley Group.

Glas­gow City Council leader Su­san Aitken said: “Fi­nan­cial prob­lems are a daily is­sue for many people and any ini­tia­tive to help people tackle such hard­ship is to be wel­comed.

“Pro­vid­ing ad­vice and as­sis­tance to those who need it at the right time can pre­vent fur­ther dif­fi­cul­ties for in­di­vid­u­als and fam­i­lies, and give them a fair chance to share in Glas­gow’s eco­nomic growth.”

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