Money A+E – Money in the Community
Covering Inner and East London, with a focus on the boroughs of Barking & Dagenham, Hackney, Islington and Tower Hamlets.
Money A+E is an East London-based social enterprise that provides debt and financial capability services to diverse ethnic communities (DEC) and disadvantaged groups.
Demand for its one-to-one Debt and Benefits Advice Service increased threefold during lockdown, as the economic effects of the pandemic have hit DEC communities especially hard.
The Money in the Community project works in partnership with Rooted Finance, tackling fuel poverty and energy debt. The service, which also delivers via telephone or video link – initially focuses on relieving clients’ financial hardship through support with debt management, income maximization, benefit claims and emergency grants.
Clients will also be encouraged and supported to gain & grow their own money management skills to improve their long-term financial stability – through training and the provision of guidance on budgeting, savings habits and making better energy choices. In this way the project aims to target long-term reductions in fuel poverty and reduced financial hardship for DECs and disadvantaged groups.