Since early in 2003 Leeds has been developing a strategy to tackle financial exclusion in the city and put in place mechanisms to assist people and provide an alternative to high interest doorstep lenders and loan sharks.
Leeds City Council was awarded beacon status under the theme ‘promoting financial inclusion and tackling over indebtedness’. Beacon status is granted to those councils that demonstrate a clear vision, excellent services and a willingness to innovate within a specific theme. Selected beacon authorities are urged to use their expertise to help other authorities improve.
The following research is available using the links below:
Research 2004: Extent and nature of financial inclusion in Leeds
Research 2009: Economic impact of initiatives
Research 2010: Financial exclusion since 2004
Improving public health through income maximisation
Health and income maximisation: best practice model for commissioning money advice services
Capping the cost of credit July 2014
This very timely research study investigates international experiences of capping credit and offers valuable evidence which can be used to inform the current debate. The report is available from the documents section on this page.
We would encourage you to share this research widely and to also consider responding to the Financial Conduct Authority’s current consultation on their proposals for a price cap on high cost short term credit, which closes on 1st September 2014. Please see the external links section.
The following PDFs are available to download on this page:
- Overcoming financial difficulty – provides a guide for anyone seeking details about the various agencies working in Leeds who provide affordable credit, benefit advice and debt advice;
- Details of financial inclusion initiatives being undertaken by the project steering group;
- Terms of reference and minutes;
- Leeds City Credit Union; and
- Work of the Loan Shark Team in Leeds
- Capping the Cost of Credit