Credit Unions have made substantial progress since the Department for Work and Pensions (DWP) Growth Fund began in 2006. Growth Fund offered suitable credit unions financial and business support for increasing access to financial services and loans to people on low incomes who would not otherwise be able to access them.
The Growth Fund ended in March 2011. DWP has conducted a feasibility study into how the credit union sector can modernise and expand to serve a million more customers with the products that they need.
The Welsh Government has agreed to host two briefing sessions for people in Wales to take part in the discussion that the DWP is progressing with key stakeholders. The dates are:-
Date: Tuesday 29 May 2012
Venue: Welsh Government Offices, Rhydycar Business Park, Merthyr Tydfil CF48 1UZ
Date: Thursday 31 May 2012
Venue: Welsh Government Offices Sarn Mynach, Llandudno Junction, Conwy LL31 9RZ
To confirm attendance, together with any additional requirements such as parking (cannot be guaranteed) please send the name(s), position held , organisation(s) and vehicle registration details to:
Read the full report here:
DWP Credit Union Expansion Project – Project Steering Committee Feasibility Study Report