Financial Inclusion: Health & Wellbeing priority

Posted 09.12.2022

Financial wellbeing is flagged as a priority within Nottingham/Nottinghamshire’s Joint Health and Wellbeing Strategy 2022 – 2026.

This important strategy sets out the priorities for the Nottinghamshire Health and Wellbeing Board and how it plans to improve the health and wellbeing of residents and reduce health inequalities amongst our communities.

Priorities include:  Financial Wellbeing, Severe Multiple Disadvantage, Smoking, Eating and Moving.

On 28th September Stakeholder Managers joined Health Professionals and Nottingham’s Financial Wellbeing Partnership to engage in meaningful discussion on ways in which conversations / actions relating to Health & Money Advice could align.

Agreed Strategic levers include:

  • Increase awareness of the risks of high-cost credit and raise awareness of lower cost alternatives
  • Improve the levels of numeracy and financial capability (working alongside UK Shared Prosperity Fund numeracy programme Multiply)
  • Embed financial capability approaches/nudge messages (drawing on behavioural sciences) across the area & health / social care workplaces
  • Embed financial education across schools
  • Raise awareness of the risks of gambling and the support available

Stakeholder Managers actively encourage joined up practice, share information and resource to help mitigate the impact of the cost of living crisis, supporting those who struggle the most.

BBO is having a significant impact on individual lives, supporting people to increase their confidence, independence and achieve their employment aspirations.

See what our participants have to say in these case studies …

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