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A helping hand to take control of finances

15 November 2017
Sanctuary Housing is highlighting opportunities for Banbury residents to take control of their finances

Sanctuary Housing is highlighting opportunities for Banbury residents to take control of their finances and improve employability to mark Financial Capability Week 2017.

Working with local partners, Sanctuary offers a wide range of projects to help residents make the most of their money and gain the skills they need to access employment.

Financial Capability Week, which runs from 13-19 November, celebrates efforts to improve people’s financial wellbeing and help them lead happy and healthy lives.

Among the local projects Sanctuary provides funding for is ‘Take Control’, an employability service delivered in partnership with Cherwell District Council as part of the Brighter Futures in Banbury regeneration project.

The initiative offers tailored support to Sanctuary residents who are unemployed, looking to improve their job, skills or qualifications or who may be at risk of becoming not in education, employment or training (NEET).

Group and one-to-one advice sessions aim to equip residents with the skills and knowledge they need, while guidance is also available for anyone considering self-employment and starting their own business.

Sanctuary also provides funding for the ‘Add Up’ project, delivered with Citizens Advice North Oxfordshire and South Northamptonshire, aiming to support residents to be money-smart, avoid getting into debt and learn how to plan for and understand the costs involved in running a home.

Residents, who are referred to both schemes by Sanctuary, are also signposted to a variety of other support services tailored to their individual needs.

Kate Winstanley, Sanctuary’s neighbourhood partnerships manager, said: “Financial Capability Week is a great opportunity to highlight some of the fantastic partnership work taking place in our communities around employability and helping residents manage their money and improve their financial wellbeing.”

Sanctuary supported 1,897 people across the country through projects promoting financial inclusion during 2016/17, resulting in 317 individuals with increased confidence to manage their money and debt reduced by a total of £88,071.

These projects are part-funded by Sanctuary’s Community Investment Fund, supporting projects which benefit Sanctuary residents and their communities.