Jump to content
Banner
Go

You are here:

A2Dominion granted funding to help people in London, Oxford and the South East manage their money

10-May-2017

A2Dominion has been granted funding to gain robust evidence of how people in London, Oxford and Spelthorne can manage their money better.

The project announced today is one of 58 projects designed to find out how to improve people’s financial capability around the United Kingdom.

A2Dominion was granted the funding to examine the best approach for improving the financial situation of people living in London, Oxford and the South East.

The financial support was granted by the Money Advice Service; which works to enhance the understanding and knowledge of financial matters as well as the ability of members of the public to manage their own financial affairs.

Money Advice Service research shows that four out of ten adults in the UK are not in control of their finances and around 16.8 million working age people have less than £100 in savings. However, very little evidence currently exists on the best way to address this issue.

A2Dominion’s project will be funded by the Money Advice Service ‘What Works Fund’; a £7 million fund for projects all over the UK. Ultimately, the most effective ideas will help build a solid evidence base to determine how to fund financial capability improvement for millions of people across Great Britain and Northern Ireland.

Announcing the project, Dawn Wightman, Director of Housing at A2Dominion, said:

“It’s fantastic to receive £286,320 funding from the Money Advice Service which will help almost 1000 of our customers on our financial mentoring programme.

“We’ll be running projects in Ealing, Staines and Oxford for adults of all ages to help them with their financial management and how to handle unexpected costs.

“Our main outcome will be to design a mobile app working with Deloitte’s Partners. The mobile app will interact with our customers to help them manage their finances. This is a brilliant opportunity and just the beginning of many exciting doors to be opened.”

David Haigh, Director of Financial Capability at the Money Advice Service, commented:

“We believe that long-term improvements in the financial capability of people in the UK can only be built on a firm foundation of evidence of what works, who it works for, and in which settings.

“There is an urgent need to help people gain the skills and confidence they need to make good decisions about how to make the most of their money. The insights from this project, and others like it around the UK, will be vital in helping organisations to channel their efforts in the right places and to fund and deliver interventions that we know make a real difference”

[Ends]

Press office contact

Vaneesha Parekh

Communications Coordinator

A2Dominion Group

Tel: 020 8825 1577

Lizzie Yates

Communications Manager

A2Dominion Group

Tel: 020 8825 1623 / 07545 500939

Notes to Editors

A2Dominion is a residential property group with 36,000 homes across London and the south east, and thousands more in the development pipeline.

The Group provides affordable, private and social rented homes, student, key worker and temporary accommodation, as well as supported and sheltered housing.

It also offers high-quality sustainable homes for sale and shared ownership, available through its FABRICA by A2Dominion brand.

The Group has a unique approach to housebuilding, generating profits for a social purpose instead of for shareholders, with millions of pounds reinvested each year into building much-needed affordable homes and supporting local communities.

A2Dominion is part of the g15, a group of the largest housing providers in London.

Visit www.a2dominion.co.uk.

About the Money Advice Service
The Money Advice Service is the holder of the Financial Capability Strategy for the UK. It is an independent organisation, giving free, unbiased money guidance online at moneyadviceservice.org.uk or via free phone on 0800 138 7777. Debt advice is also provided through a variety of partners across the UK. The Service was set up by Government and is paid for by a statutory levy on the financial services industry, raised through the Financial Conduct Authority. Its statutory objectives are to enhance the understanding and knowledge of members of the public about financial matters (including the UK financial system); and to enhance the ability of members of the public to manage their own financial affairs.

Also in this section

Back to top

This page was printed from A2Dominion Web site at http://www.a2dominion.co.uk/