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Building Financially Resilient Communities

Building Financially Resilient Communities. Thrive . Close the gap + inequality Sustainable Livelihoods and Community Organising. A Big Thank You to our Partners:. And many more too numerous to name here…. Facts and Figures for the NE.

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Building Financially Resilient Communities

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  1. Building Financially Resilient Communities

  2. Thrive • Close the gap + inequality • Sustainable Livelihoods and Community Organising

  3. A Big Thank You to our Partners: And many more too numerous to name here…

  4. Facts and Figures for the NE • UK cities = ‘seas of normality with pockets of deprivation’, m’bro = ‘seas of deprivation with pockets of normality’ • ANEC (Assocn NE Councils) Estimates £940m out of the NE Economy Welfare Reform and Cuts 2014-15 • Infrastructure spend London = £3k, NE=£5 • ‘Economic Leakage’ and Trade Surplus • £720 per working age adult in M’bro • M’bro CAB x10 increase in payday debt over four years, negotiated £8m of £10m as non-priority debts • £200o per month down from local newsagent Linthorpe Village • Proliferation of high-interest lender (Ramsdens and Wonga sponsorships)

  5. 1. Projects • Steps forward for women • Supported women towards more sustainable livelihoods and improved wellbeing. Good outcomes around confidence and benefit uptake • Work undertaken by Thrive Project Coordinator • Money Pathways • Worked with 24 of the most financially excluded low-income households in Teesside • Money mentors from partners including CAB, 5 Lamps and others worked alongside Thrive staff and dedicated volunteers • Positive outcomes to test use of money mentoring. • Investing in Volunteers (Investment Fund); • Devising fit-for-purpose roles, recruiting for volunteers from across Stockton with specific support for those experiencing social exclusion

  6. 2. Community Organising

  7. Leverage - Plan for the NE • ‘Money only listens to money’ • Move your money corporate style • Target LA leaders and NE MP’s to put Financial Resilience onto agenda of ANEC • Get ANEC to research profiling of areas according to bank and credit data they request and receive • Draw up a list of priorities for financial resilience • Invite all the banks to come round the table and ask THEM what they’re going to do to deserve the procurement of £100’s millions???

  8. Some indicators • Facilities of BBA’s • Distribution of BBA’s • Free to use ATM’s, £5 withdrawals • Employment • Branch distribution • Financial Advice • Free banking for CU’s

  9. Some Asks • Back LGA plans to limit proliferation of high-cost credit and gambling on high streets • Expanding lower-cost alternatives • Action on jobs and employment: to improve wages and conditions of employment, including challenging the practice of ‘zero hours’ contracts • Action on welfare reform: to mitigate its impacts and ensure fair treatment

  10. Contact traceyherrington@thrive-teesside.org.uk www.thrive-teesside.org.uk Thrive Newtown Resource Centre Stockton on Tees TS19 0DE

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