Recovery, Renewal, Resilience

Many individuals and families have experienced negative economic impacts from COVID-19 as a result of business closures, job losses and reduced working hours. Globally, governments have introduced financial stimuli through small business loans and furlough schemes, in an effort to mitigate the consequences of financial losses caused by the pandemic. As many stimulus packages are scheduled to end in the coming months, business owners are concerned that they will be unable to continue to pay staff, and employees are concerned that they may be made redundant. Consider:

• The need to quickly increase the capacity of local financial support and advice systems:
  • Partner with and commission community advice services, e.g. Citizens Advice Bureau (CAB)
  • Build capacity and train volunteers to increase the range of specialist and generalist welfare and debt advice that is available
  • Seek support from local businesses that can provide financial and other advice
• Increase community and business awareness of how to access support services:
  • Run information campaigns targeted at groups that need support
  • Bring together sources of good advice from trusted partners into a single location/source to make information easy to find
  • Sign post and onward refer members of the community to services
• Integrate debt and financial advice and budgeting support with forms of direct financial support