New grant for Cornish families in need of financial support

A NEW grant fund has been launched to help Cornwall’s low income families take control of their finances.

The Caledonia Investments Charitable Foundation will provide three-year grants, through the Cornwall Community Foundation (CCF), to groups in communities that provide training and education in financial planning, debt management and other financial education initiatives.

“The COVID-19 pandemic has exacerbated the deprivation and poverty that already existed in Cornwall, one of England’s poorest counties,” a CCF spokesperson said.

“Wages are 23% below the national average and Cornwall also has one of the highest personal insolvency rates in the country. ”

Jamie Cayzer-Colvin is Chairman of the Trustees of Caledonia Investments Charitable Foundation. He said: “We are delighted to be working with the Cornwall Community Foundation on this incredibly important initiative. Too often we are surprised that beautiful vacation destinations such as Cornwall are beset by people in need. We are very happy to be working on this multi-year project to change the lives of families.

Expressions of interest are welcomed by the CCF from community groups and charities in Cornwall who wish to expand their support for training and awareness of individuals and groups at risk or in financial difficulty.

Tamas Haydu, CEO of CCF, said: “We are very grateful to the Caledonia Investments Charitable Foundation for this generous financial commitment. It will truly transform the lives of thousands of individuals and families in Cornwall struggling to overcome the challenges of low income and debt.

“It’s great that Caledonia, an organization with global investment expertise based in London, is supporting and sharing its financial expertise for those who need it most in Cornwall, where the company has historic roots. “

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