Talking Money provides free, independent, specialist debt advice to individuals and families.
By empowering individuals to tackle financial challenges through advice, financial education and support, the charity hopes to strike at the heart of systemic poverty and break the terrible cycles of indebtedness.
Talking Money wanted to transition to a systems approach that considers debt issues as part of a greater whole, moving away from a crisis maintenance approach to providing longer term support.
A loan of £150,000 from City Funds in April 2020 has provided the working capital flexibility needed to help the transition while minimising any disruption to services.
As a result, Talking Money will be able to rebuild structurally and create long-term financial resilience for both their clients and the organisation.
“When we came to City Funds, we were in a typical catch-22: to pivot the organisation we needed time and money, but all our time and money were going into day-to-day operations. This investment has given us the working capital needed to take the pressure off financially so we can rebuild without disrupting our services. Over and above the financial support, City Funds helped us develop a plan for how the investment was going to be used for the greater good to evolve the charity–it allows us to explore new pathways typically not employed by grants.” Anna Brown, CEO, Talking Money