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New Lottery fund to boost families’ financial skills

22 Jun 2011 - 09:57 by michelle.foster

A £30 million fund aimed at helping families and individuals avoid financial difficulty has been launched by the Big Lottery Fund.

The Improving Financial Confidence programme will offer grants worth between £500,000 and £1 million for projects lasting between three and five years, to be delivered by partnerships led by voluntary sector organisations.

The aim of the programme is to give people more confidence and skills in accessing and using financial services, such as bank accounts and affordable loans.

The fund will focus on helping social housing residents, in particular those who have been moving in and out of work, are in the first 12 months of their tenancies or who are young. It will target 69 local authority areas that have been identified as having the most financially excluded residents. In Greater Manchester, the targeted districts are Manchester, Salford, Rochdale and Tameside.

Voluntary sector partnerships are expected to include at least one major housing association and other relevant organisations from the area.

For further information and to apply, visit: www.biglotteryfund.org.uk/prog_improving_financial_confidence.htm?region..., or contact 0845 4 10 20 30, or email: general.enquiries@biglotteryfund.org.uk.

Deadline: Friday 16 September 2011

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