Financial inclusion through partnership working

26th June 2006

Objectives

• Share existing models of collaborative working at local, regional and national level

• Identify how existing partnerships currently promote financial inclusion, as well as identifying gaps and opportunities

• Facilitate introductions as starting points for future partnership working

Types of Collaborative Organisations

• A Coalition is a union of people and organisations working to influence outcomes on a specific problem

• Consortia and Alliances tend to be semi-official, membership organisations. They typically have broad policy-oriented goals and may span large geographic areas. They usually consist of organisations and coalitions as opposed to individuals

• Networks are generally loose-knit groups formed primarily for the purpose of resource and information sharing

• Task Forces most often come together to accomplish a specific series of activities, often at the request of an overseeing body

Source: Cohen, Larry, Nancy Baer and Pam Satterwhite. Developing an Effective Coalition: An Eight Step Guide. http://www.preventioninstitute.org/eightstep.html

Advantages of Partnership Working

By sharing capital, expertise and information:

• Diversifies skill base of initiatives

• Optimises use of investment

• Focuses on opportunities and social capital within low income communities

• Expands impact of initiatives

• Increases credibility

• Reduces duplication

Examples of Partnership Working

Local

• SAFE and Savings Gateway

• Wester Hailes Community Banking Agreement

Regional

• Capitalise

• Financial Inclusion Services Yorkshire

National

• Transact, the national forum for financial inclusion

• CDFA

• Money Advice Scotland

Next Steps (today)

• Introductions

• Identify and share current networks and partnerships, their themes, and what they achieve

• Identify unmet objectives and possible common goals

• What next – which relationships, organisations and strategies can be developed?

Next Steps (after today)

• Identify opportunities for sharing capital, expertise and information

• Establish common goals

• Explore the remit of existing partnerships and networks

• Continual management of relationships to ensure receipt of expected benefits and engagement with common goal

• Community based asset map

• Join Transact!

Contacts

Alice RogersSAFE Co-ordinator

020 7392 2954Email alicero@toynbeehall.org.uk

Adam ClarkTransact Development Worker

020 7392 2983Email adamcl@toynbeehall.org.uk

www.toynbeehall.org.ukwww.transact.org.uk