Place-based Financial Inclusion Action Plans
The place based FIAP program works on the premise that organisations who are on the ground are best equipped to understand local challenges identifying the risks and triggers of financial exclusion, vulnerability and hardship, and can take practical action to address these in collaboration with other congruent partner agencies at a local level.
Issues such as these listed below require a whole-of-community approach to addressing the complexity which arises for its community members, particularly women, children, and families.
- High levels of financial stress and vulnerability
- High youth and intergenerational unemployment,
- Rental stress,
- Increased cost of living
- Unskilled labour markets
- High levels of community members receiving income support
- Lack of confidence in hitting financial goals
This enables greater uptake of services within communities and improved use of local assets and infrastructure. Over the long term it leads to better outcomes for families an increases economic benefits at the regional, state, and national level.
The objectives of a place based FIAP:
Empower Local Leadership
Empower Local Leadership within the community who have the capacity to drive collective action and change.
Create a framework
Create a framework for local organisations to take actions to realise financial inclusion, resilience, and wellbeing within their sphere of influence.
Embed the identified actions
Embed the identified actions into business-as-usual practice of participating organisations for the long-term.
Enhance the financial wellbeing
Enhance the financial wellbeing outcome of current and future generations of residents in the local community.
Place-based FIAP Members
City of Greater Geelong
Colac Otway Shire
Give Where You Live
Good Money (Geelong Store)
City of Salisbury
Northern Area Community & Youth Services Inc.
Relationships Australia SA
Good Shepherd Australia New Zealand
Office for Women
Every FIAP includes a commitment to report on progress made against actions. Find out more about our members’ stories below.