Debt management news: "Economic well-being" encouraged in rural communities

18/01/2010

A government project is to help tackle local debt and financial deprivation in rural communities.

The Commission for Rural Communities (CRC) will launch two reports today which explain the concept of "economic well-being" and how it can be of particular use to rural communities.

To launch the reports, a seminar is being held to tell people about previous "projects which have made a positive difference to people's lives".

Sarah McAdam, chief executive of the CRC, commented: "There are a significant number of local councils, particularly in rural areas, that have developed projects which address the economic well-being of their communities and we want to encourage others to learn from these examples."

Successful schemes already in operation include Pension Extra, which is a service run by the Citizens Advice Bureaux in Cornwall which ensures that pensioners are claiming for the benefits they are entitled to.

Rutland Council have also developed an economic well-being scheme to help "vulnerable people back into the workforce".

Director of EuroDebt Kevin Still said: "We are concerned at how so many vulnerable people have been able to borrow so much money on both the high street and from more expensive lenders.

He added: "Debt management support is required both in terms of avoidance and dealing with the consequences of irresponsible lending or excessive borrowing."

Tags; Current UK Economy,

Regional Debt Advice; Debt Help Cornwall, Debt Help Rutland,

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