Demos’ annual Good Credit Index measures access to affordable credit across the country to understand these geographical discrepancies at a granular level, and inspire place-based approaches to tackle them.
Even before the Covid-19 crisis caused a dramatic increase in household debt, the average UK adult had £4,264 of unsecured debt. The impacts of the pandemic are sadly likely to increase levels of personal debt and may force more people towards High-Cost Short-Term Credit such as payday lenders or rent-to-own shops, which only increase their financial troubles.
The pattern identified in 2019 persists: small and medium-sized industrial towns often suffer from a combination of low credit scores, high deprivation and credit need, and a physical environment that offers too few sustainable lending options and many tempting unsustainable ones.
Download the full report here: https://demos.co.uk/wp-content/uploads/2020/07/Good-Credit-Index-2020.pdf
Supporting the Third Sector through COVID-19
A series of documents and updates regarding the 2014 to 2020 European Structural and Investment Funds Programme and the response to COVID-19 can be accessed here.
As ever, our dedicated CSI Representatives are here to understand and unpack the issues that the third sector is facing within the current ESIF programme which are affecting their ability to use European funds effectively.
So that we can raise these issues at government level on your behalf and pro-actively work for solutions, we’re asking Third Sector organisations to tell us their experiences using these funds, in light of the outbreak of COVID-19. Please contact us via info@civilsocietyinvolvement.com
