Credit union bid to find cheaper funds in crunchBy Hugh Fort
October 05, 2009
Council bosses are working to provide opportunities and training for people who have found themselves jobless thanks to the recession.
Among schemes being considered by Bracknell Forest is forming a credit union to support local people who need to borrow money at a resonable rate.
Leader Paul Bettison gave details of the council’s new economic and skills development action plan at a meeting of the full council on Wednesday, September 23..
He told members the council had put in a number of schemes to try to help people in the borough who are unemployed or struggling financially.
He said the council now has a “beat the credit crunch” pack available and is providing more support to the Citizens Advice Bureau (CAB).
He added it was also working with Bracknell Chamber of Commerce and the Federation of Small Businesses to learn more about the needs of the market.
Cllr Bettison revealed the council was investigating the possibility of creating a credit union, a financial group controlled by its members, which can provide credit at a better rate than banks.
Cllr Mary Ballin, executive member for planning, transport and economic development, was quizzed by Labour councillors.
She faced questions from Cllr Mike Beadsley, who asked how many people were taking part in apprenticeships at the council, and Cllr Maureen Beadsley who asked what courses are available for people looking to re-train.
Cllr Ballin replied there were 12 apprentice places available at the council and seven had been filled.
Numerous courses are available for adults looking to retrain at Bracknell & Wokingham College.
She added the council was also working on a joint bid with the Royal Borough of Windsor & Maidenhead for a chunk of the Government’s Future Jobs Fund.
She said, if the bid was successful, the project would to guarantee people who have been out of work for long periods of time jobs of at least 25 hours a week for six-month periods, so they could learn new skills to give themselves a better chance of finding full-time employment.