An initiative designed to help social housing tenants better manage their finances has helped over 2000 people in the three years since its creation.
Cash Wise secured Big Lottery funding in 2013 to help tenants in the Wakefield area better manage their money and find new ways to save. Following the success of the program, Cash Wise is now entirely funded by WDH.
The programme has unlocked over £1.2 million of grants and benefits over the last three years, and has delivered more than 400 workshops and 5500 one to one visits across the Wakefield district. In addition, Cash Wise has helped social housing tenants to reduce their utility bills collectively by over £42,000 and has made 550 referrals to other services for further specialist advice and support where required.
Pete Beaumont, WDH’s Financial Inclusion Manager, said: “The growth of Cash Wise has been fantastic. The team are incredibly proud of the work we’ve been doing and it’s been great to see so many people benefit from the services we provide. The demand for financial support from the team continues to increase each year and with the introduction of Universal Credit this is likely to increase further. We will be working hard to ensure we continue to improve the financial confidence of tenants across the district during the challenging times ahead.”