Money mentoring on offer in financial project

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.”