Broxtowe residents supported to become financially resilient thanks to UKSPF grant

The programme provides residents with all aspects of financial resilience, including income, spending, and assets. Participants are supported with a personalised financial resilience action plan setting out immediate actions, medium term goals and long-term outcomes.

In the first 6 months of the 2025/26 project, 306 Broxtowe residents received support from specially trained financial resilience advisers, 176 of which were economically inactive. 

Highlights from the programme so far in 25/26 include:

•       Over £900,000 total increased income for households in Broxtowe.
•       101 people have improved basic skills such as budgeting.
•       78% of beneficiaries said the programme increased their financial resilience.

A number of people also received help to reduce their debt repayments with several seeing debts written off.

Through partnerships with Futures, Working Well East Midlands, and Green Doctor progress has been made with increasing economic activity and reducing residents’ energy bills. 41 clients were referred for employment support with nine participants securing employment as a direct result, while 47 received home energy assessments – helping to reduce emissions and energy bills.

Portfolio Holder for Economic Development and Asset Management, Councillor Milan Radulovic MBE, said, “Providing residents with access to key support such as the financial resilience training Citizens Advice Broxtowe have been supplying is essential. 

“Now more than ever, being financially literate is so important, and I’m so pleased to see so many making use of the services we’ve been able to fund.”

Neil Clurow, Impact and Evaluation Manager for Citizens Advice Central Nottinghamshire says, “Since the cost-of-living crisis we have seen a significant increase in the number of households attending Citizens Advice with negative household budgets. It’s essential that people are helped to shift their financial position, and this can only be achieved through a holistic approach to all aspects of their financial wellbeing.

“This can mean tackling budgeting and digital exclusion that results in the poorest households paying the most for goods and services, working with people to increase their income and increase their earnings capacity and thinking even longer term to build and financial safety net and pension.

“The programme’s systematic approach aligned to key partnerships has proven to achieve great results and make a contribution towards the principle of inclusive growth.”

Find out more and see how Citizens Advice Broxtowe could help you before the scheme ends in March 2026 on their website (Opens in a new window).

The UK Shared Prosperity Fund is providing £25.17 million of funding for local investment across Nottinghamshire and Derbyshire in 2025/26. This funding, distributed by the East Midlands Combined County Authority (EMCCA), aims to boost pride in place and increase life chances in the region. The investment will focus on supporting communities and businesses, as well as developing skills for individuals.

Broxtowe Borough Council has been allocated a total of £1,056,720 in 2025/6. Activity funded includes local business and skills support and a set of community projects