The Co-Operative Bank Tackles Financial Exclusion Through Its Bridge To Banking Initiative

The Co-operative Bank has launched a new initiative in partnership with youth homelessness charity Centrepoint, to help financially excluded, homeless young people in Manchester to access basic banking products. A critical issue that homeless individuals face in accessing financial services is the absence of a fixed address. Acknowledging this, the Bank is collaborating with Centrepoint to pilot an innovative solution – young homeless people in Manchester can use Centrepoint’s address as their own, prior to establishing a safe, permanent address. Centrepoint’s advisors will signpost young people who require banking facilities…

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Fear Of Homelessness Spike Amongst Young People As 1.8 Million 16-24 Year Olds ‘Worry About The Roof Over Their Head’

The increasing impact of the Covid-19 crisis on the financial wellbeing of young people was highlighted today as joint research by The Co-operative Bank and Centrepoint showed the scale of job and financial insecurity amongst those aged 16-24. This research expands on recent data that showed young people were the most likely to have lost their job during the pandemic period. Young people facing increased risk of homelessness The new research shows that a quarter (26%) of those aged 16-24 (1.8 million people) were concerned that if they lost their…

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