Northern Adelaide Place-based Financial Inclusion Action Plan
Why Northern Adelaide?
Northern Adelaide has undergone a significant economic shift in the last 10 years. It is difficult to separate the financial pressures from the Covid 19 pandemic from the culmination of stress from the past 10 years of economic change.
The closure of General Motors Holden Automotive factory impacted work is associated directly with the plant as well as second and third tier suppliers and affiliated businesses. The effects of these direct and indirect job losses from the region saw unemployment rise above the national benchmark, compounding issues for a demographic in which sections of the community have had a problematic with the workforce.
Despite having the fastest growing population rate in South Australia in the last three years across Playford, Salisbury and Tea Tree Gully Local Council Areas the long-term socio-economic issues continue to impact the overall level of disadvantage in the region.
This clearly implies that even in pre- COVID period the local communities were struggling with the issues of high youth unemployment, low levels of educational attainment, high rental stress combined with a greater concentration of low-income households in comparison to the rest of South Australia.
Building a Financially resilient communities in Northern Adelaide
In 2021 a committed group of organisations representing multiple sectors stop in Northern Adelaide have joined forces to better identify the entrenched challenges in the local communities and co-designed more than 50 practical actions to alleviate these challenges.
Download a copy of the report to learn more…. “Building a Financially Resilient Community Where People Thrive” _ Northern Adelaide FIAP (2022-2023)
The Northern Adelaide financial inclusion action plan in bodies the collective efforts of the following organisations: