A Big Lottery funded initiative that’s helping social housing tenants to tackle their debt and maintain their financial independence has smashed its target six months ahead of schedule.
WDH’s Cash Wise programme was launched in 2012 using Big Lottery funding, and was set the challenge of helping 750 people receive support by 21 January 2016. With six months of funding remaining the programme has now surpassed its target, the latest success in a string of recent achievements.
Last month Cash Wise was recognised at the 2015 Business in the Community awards hosted at the Royal Albert Hall. Cash Wise was the only initiative to achieve ‘Highly Commended’ status in its category (The Experian Building Stronger Communities Award) having already made the final shortlist alongside Lloyds Banking Group and Tesco.
As a result of the programme’s continuing achievements WDH has agreed to fund it indefinitely.
Pete Beaumont, WDH’s Financial Inclusion Manager, said: “Everyone in the Cash Wise team is incredibly proud of the work that’s been done to support so many people ahead of schedule. Demand for financial support remains high across the district and with further changes to the welfare system imminent this is only likely to increase. The recently expanded and now permanent Cash Wise service can now look to the future and continue to improve the financial confidence of tenants across the district.”
For advice on saving money and avoiding payday loans, recipes for cooking on a budget and information about how to prepare for the introduction of Universal Credit visit Cash Wise’s recently launched website: www.getcashwise.co.uk