Local welfare provision, low-income households, and third sector financial services provision

The report has recommended that the Department for Work and Pensions should link its investment in credit unions and community development finance initiatives (CDFIs) with the local Delivery Partnerships it is developing to support the personal budgeting needs of Universal Credit claimants. These local Delivery Partnerships should work with local authorities, credit unions and CDFIs to ensure ‘local welfare loan schemes’ and budgeting accounts are made available to Universal Credit claimants.