Finance: Barclays donates to local finance

Barclays has announced funding of £130,000 to 10 community finance organisations.

Up to £15,000 per project is being given to organisations in disadvantaged areas that provide financial education, debt advice and affordable loans from the Barclays Financial Inclusion Fund 2005/06.

Groups benefiting include Salford Money Line, Financial Inclusion Services Yorkshire and the Lasa Credit Union in Swansea.

Peter Kelly, head of financial inclusion at Barclays, said: "Community finance organisations have a critical role to play in tackling exclusion in their communities. Collaboration between these and other community-based organisations will make them more powerful, enabling more people to access affordable finance together with debt advice, rather than seeing loan sharks as their only option."

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