Carl Sargeant, Cabinet Secretary for Communities and Children
Today I have published the Financial Inclusion Delivery Plan and the Information and Advice Action Plan.
The Financial Inclusion Delivery Plan sets out how the Welsh Government will work with partner organisations – both in Wales and at a UK level – to move to a more financially included society in Wales.
The Financial Inclusion Strategy published in March 2016 described our vision for everyone living in Wales to have access to appropriate and affordable financial services, be supported by quality assured information and advice services and have the financial capability and motivation to benefit from the financial services available to them. Welsh Government remains fully committed to this.
The actions are not only for the Welsh Government. We will work closely with partner organisations across the public, private and third sectors, which are well placed to promote financial inclusion and financial capability.
The Delivery Plan highlights the link between financial inclusion and other key priorities such as tacking poverty and encouraging steps towards employment. In particular, there are strong links with our Information and Advice Action Plan, which sets out how we will work with the National Advice Network and partners to establish a comprehensive network of quality assured information and advice providers. It also aligns with actions in strategies published by key partners, including the Financial Capability Strategy for Wales and the Credit Union Strategy for Wales.
A Financial Inclusion Steering Group has been established to bring representatives of relevant sectors together to provide evidence based advice and monitor progress towards our goal of financial inclusion.
The Financial Inclusion Delivery Plan documents can be accessed via the link below.
The Information and Advice Action Plan documents can be accessed via the link below: