Scottish Government pledges support for credit unions in new Programme for Government.
07 Sep 18
This week we saw the announcement of Scottish Government’s Programme for Government 2018/19 by First Minister Nicola Sturgeon, which saw the Government pledge to raise awareness of Scotland’s thriving credit union sector.
The programme stated: “Scotland has a strong credit union sector. Over the last two years we have funded credit unions to run projects with local schools, encouraging young people to budget and save. Last year £148,000 was provided to 11 credit unions and since the programme commenced, in 2016, 47 new savings schemes have been established in schools across the country.
“We will continue to work with the sector in the vital role it plays in offering affordable lending and savings in the heart of communities and protecting people from predatory lenders and unmanageable debt. And in November we will launch an awareness-raising campaign to further strengthen the credit union movement”.
ABCUL’s Scottish Policy Officer, Karen Hurst commented on the Governments programme, Karen said: “We are pleased that the Scottish Government continues to recognise the important role the credit union sector plays for many people in Scotland, particularly in relation to affordable credit. We’ve been working closely with the Scottish Government on developing the campaign, and are really excited to see it launch in November”.