A financial inclusion project helping people with money management and improving people’s financial well-being

Building Better Opportunities Money Sorted in D2N2 3 year project funded as part of the Building Better Opportunities programme in D2N2. Jointly funded by the Big Lottery Fund and the European Social Fund.

What is Money Sorted in D2N2? A financial inclusion project, helping people improve their money management/ financial capability and their financial well-being. Derby, Derbyshire, Nottingham and Nottinghamshire

Who is it for ? People who are either unemployed or economically inactive Financially vulnerable excluded people/ experiencing financial difficulty

Front facing partners across D2N2 Derby Advice Direct Help and Advice - DHA YMCA Derbyshire Derbyshire District CAB Derbyshire Law Centre Derbyshire Unemployed Workers Centre South Derbyshire CAB Advice Nottingham Disability Nottinghamshire Emmanuel House Nottingham & Notts Refugee Forum Mansfield CAB Nottinghamshire YMCA

Participant journey Proactive Outreach and engagement Eligibility check + approval Full data collection process MAP Tool: Assessment of financial well-being + financial capability Personal Financial Resilience Plan – client’s goals for a) money management, b) financial well-being, c) wider life factors Personal Financial Resilience Plan implementation, with tailored Personal Navigator support throughout (6 months avg) Intervention budget to assist achievement Money management options: bite size sessions, courses, one to one, practical, money mentors Re-assessment with MAP Evaluation Tool Closure on system (Only for those moving into employment or training - - Personal budget available for related items)

What the project provides Personal Navigator providing individual support Assessment of financial well-being Personal Financial Resilience Plan Support with current financial circumstances and wider life Financial capability support/ training, tailored to the needs of the participant Money Mentor option Other support as relevant to the participant Also help in moving people toward training, job search, employment

Personal Navigators - North Notts Abbey Garnett, Mansfield & District CAB abbey.garnett@mansfieldcab.org.uk Tel: 01623 415951 Julian O’Neil, Advice Nottingham Mob: 07722 921720 Julian@O’Neill@StAnnsAdvice.org.uk Tel: 0115 90815354 Daniel Staniland, Disability Notts Mob: 07387 104933 Daniel@disabilitynottinghamshire.org.uk Tel: 01623 625891

Cross-cutting work WEA Financial capability provision for participants (core); money mentor training Awareness raising and good practice for partners in working with specific client groups: Disability - Disability Nottinghamshire Refugees - Nottingham & Nottinghamshire Refugee Forum Drugs, alcohol, mental health - Framework Eastern European communities - Signpost to Polish Success

Other partners Toynbee Hall - MAP Tool (assessing financial well-being) Hanlon - MIS system SEA and Connect More – Participation & Evaluation partners Local authorities (upper-tier) – Stakeholder posts

Output targets Total: (1950) 2500 Participants with mental health support needs: (50) 500 Male: (975) 1250 Participants moving into education or training: (253) 325 Female: (975) 1250 Unemployed: (975) 1250 Economically inactive people moving into employment or job search: (263) 338 Economically inactive: (975) 1250 Participants who need to access childcare receive childcare support: (126) 163 People over 50yrs: (309) 400 People with disabilities: (397) 500 People from ethnic minorities: (238) 300 Our actual targets, as listed. BBO targets in brackets

Outcomes OUTCOME INDICATOR OF CHANGE 80% of participants report being able to budget/ plan finances better and will achieve financial stability, overcome debt and maximise income as a result of improved financial management. All have a Personal Financial Resilience Plan. 80% have developed personal/ household budgets with support of Personal Navigator. 80% report and demonstrate increased financial management skills and know where to get ongoing advice and support. Participants report increased confidence/ improved sense of well-being. 65% report being able to know what to look for when choosing financial products, make informed choices about financial products and access the products that best suit their needs. All have information on affordable, appropriate financial products. At least 70% have a transactional bank account with mainstream bank/ credit union. Participants who need affordable credit report knowing how to access it.

Outcomes OUTCOME INDICATOR OF CHANGE 50% of participants report reductions in family stress related to financial problems, improved family finances and improved levels of family cohesion and well-being. Participants report reduced levels of family stress. Measurable increase in household income and reduction in debt. Participants report improvement in family life/ well-being. Increased income and financial security to improve family spending power with a positive effect on the local economy/ community. Measureable increase in household income and reduced debt. Reductions in levels of family income going to high cost lenders. Participants report increased available income for spending in local shops/ businesses.

Long-term learning Financial capability/ money management – contribution to national learning Reach and engagement of financially vulnerable people

Project Team/ Contact Details St Ann’s Advice Group Manager: Debbie Webster Money Sorted Project Coordinator: Emma Bates Money Sorted Finance & Compliance Officer: Sheetal Sharma Money Sorted Administrator: Sandra Mayo Contact details Tel: 0115 908 1534 (Coordinator mobile 07387 104935) Email: info@moneysortedind2n2.org Website: www.moneysortedind2n2.org

Personal Navigators - North Notts Abbey Garnett, Mansfield & District CAB abbey.garnett@mansfieldcab.org.uk Tel: 01623 415951 Julian O’Neil, Advice Nottingham Mob: 07722 921720 Julian@O’Neill@StAnnsAdvice.org.uk Tel: 0115 908 15354 Daniel Staniland, Disability Notts Mob: 07387 104933 Daniel@disabilitynottinghamshire.org.uk Tel: 01623 625891