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.