The Cumbria Debt Rescue and Money Advice Partnership’s Financial Inclusion Strategy (DRAMA) was launched at the Reghed Theatre in Penrith on Wednesday 2nd July.
DRAMA is a broad partnership involving representatives from the county’s Credit Unions, Social Landlords, Local Authorities and the Citizens Advice Bureau. It has been established to help people who feel financially excluded, many of whom are living on low incomes and cannot access mainstream financial products.
The Cumbria Financial Inclusion Strategy will aim to help those affected by financial exclusion by enabling them to open a basic working bank account and gain access to good individual financial advice and counselling, as well as access to affordable credit. Over the next five years, the strategy’s objectives include providing people with access to more affordable insurance and credit, as well as encouraging more people to build up their savings.
James Plaskitt, DWP Minister responsible for Financial Inclusion commented:
“The Department for Work and Pensions is proud to be an active partner in the development of this important initiative, helping the people of Cumbria to gain greater access to savings, advice and affordable credit.”