Our Innovation Grants programme funds innovative debt advice projects and aims to improve the quality and range of money advice in the UK.
Please note that the 2017/18 funding cycle will be a closed application process, due to the extremely high quality of the 2016/17 applicants.
We fund projects that demonstrate innovative practice. By this we mean projects displaying ‘a first of their kind’ approach in terms of:
- how they deliver debt/money advice - these can be different models of delivery, products or materials produced; and/or
- who they deliver debt/money advice to - these can be groups and/or individuals whose specific needs are not currently catered for.
Since 2011 the programme has funded 29 projects around the UK. These projects display innovative qualities and have helped us achieve our aim of helping people across the UK to tackle their debts and manage their money with confidence.
Groups that have been supported by our programme include:
- People at risk of homelessness
- Young people
- Vulnerable women
- Prisoners preparing for release
- People with learning disabilities
- Older people
- Troubled families
- People with sensory impairments
Some examples of innovative practice from funded projects include:
- Using video chat technology to deliver advice
- Using motivational power of sport to develop financial capability skills
- Using intelligent partnerships to target client groups
- Employing behavioural economics and nudge principles to the advice process
The Innovation Grants Programme enables us to connect with groups, services and organisations that operate and more of a grass roots level than we can. This allows us to gain a richer picture of the debt advice landscape, build relationships with smaller organisations, and learn from the challenges they face and how they overcome barriers to advice.