FINANCE NEWS: Scottish Executive provides grant to help credit access

The Scottish Executive is inviting credit unions to apply for a share of a £250,000 grant aimed at making financial services more accessible for people on lower incomes.

Open to all 140 of the estimated credit unions based in Scotland, grants of between £10,000 and £60,000 will be made available to groups approaching the Executive on both an individual and joint basis. The scheme will be open to all employee- and community-based unions such as Scotwest and the Capital Credit Union.

"This new fund will enable credit unions to consider innovative ways of improving their services," said Margaret Curran, minister for social justice at the Executive. "This could include using funds to extend services to remote or rural Scotland, recruiting volunteers or working in schools to promote the savings habit."

The Executive is to distribute the cash to credit unions over the next two years.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in
Follow us on:

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert hub

Insurance advice from Markel

How bad can cyber crime really get: cyber fraud #1

Promotion from Markel

In the first of a series, we investigate the risks to charities from having flawed cyber security - and why we need to up our game...

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now