The primary objective of CRF fund is to provide a safety net for those on low incomes who encounter a financial shock. The fund also invests in building local financial resilience to enable individuals and communities to better deal with crises in the long-term, reducing crisis need. The Council is making this funding available for organisations that meet Outcomes 2 and 3 of the CRF funding:-
Outcome 2: Improving individuals’ financial resilience. By strengthening financial resilience among individuals, Authorities empower citizens to better manage financial shocks and mitigate the occurrence, recurrence and escalation of crises.
Outcome 3: Bolstering the local-level support landscape. A joined-up, visible local support network is key to the CRF’s approach to build financial resilience. This includes strengthening resilience networks within local communities, that in turn boost the financial resilience of individuals within these communities. This coordination enables a suitable range of Resilience Services to exist within a local area and ensures there are clear referral pathways between them and crisis support. Through this effective join-up of local support services, Authorities can expect those seeking crisis support to be appropriately referred to services that build their individual financial resilience.
More details can be found in the CRF guidance.