Issue - meetings

[To approve the Financial Wellbeing Strategy][Report to follow]

1.      That the Financial Wellbeing Strategy: Tackling the Cost-of-Living Crisis and the funding allocated for implementation be approved and endorsed.

2.      That authority be delegated to the Leader of the Council in consultation with the Executive Director of Families for any final minor updates to the strategy.

3.      That it be noted that this item was considered for pre-decision scrutiny on 15 March 2022 by Scrutiny Board and would therefore not be available to call in once a decision is made by Cabinet.

Councillor Stephen Simkins asked Cabinet to approve and endorse the Financial Wellbeing Strategy: Tackling the Cost-of-Living Crisis 2022-2025. The Strategy had been developed to support a reduction, and future avoidance, of the financial hardship currently being experienced by residents of the city. It strived to strengthen individual and community resilience to offer local support to residents when in crisis, but also to facilitate strategies for prevention of future hardship including cross cutting work with other key city priorities such as tackling unemployment.

Cabinet Members spoke in support of the Strategy and the security it would provide and difference it would make to residents of the city who are experiencing financial hardship.

Resolved:

1.    That the Financial Wellbeing Strategy: Tackling the Cost-of-Living Crisis and the funding allocated for implementation be approved and endorsed.

2.    That authority be delegated to the Leader of the Council in consultation with the Executive Director of Families for any final minor updates to the strategy.

3.    That it be noted that this item was considered for pre-decision scrutiny on 15 March 2022 by Scrutiny Board and would therefore not be available to call in once a decision is made by Cabinet.