Alongside this year’s Good Credit Index, we have published a toolkit to share the learning from our Good Credit Project in South Yorkshire, a place-based financial inclusion initiative in the Sheffield City Region. It sets out practical tips to address financial exclusion, supported by case studies from people we worked with including the city region mayor and the public, private and voluntary sectors.
The toolkit will support leaders across the UK, including local authorities and metro mayors, to tackle financial exclusion and boost resilience among residents, as part of rebuilding local economies and strengthening communities in the wake of Covid-19.
Heather Williams-Taplin, Head of Major Projects at Demos and co-author of the report, said:
“Access to credit that is transparent, affordable and fair is going to be even more vital in our new post-Covid reality. As our Good Credit Index this year demonstrates, there’s still a way to go before everyone can get affordable credit when they need it, so that they aren’t pushed towards high-cost, short term credit that can have huge negative consequences.
“Our new practical guidance which shares learning from our successful South Yorkshire Good Credit Project, will hopefully provide a significant and positive step for metro mayors and local authorities to improve financial resilience in their regions.”