Financial inclusion
The challenge
The Mayor is looking for innovators to ensure all Londoners can manage their money well.
Winners and finalists
Each team will receive £10,000 and the opportunity develop their proposal with others – including councils, government agencies, BIDs and charities – to develop their solution. They’ll also receive specialised support in service design, pitch coaching, data usage, navigating government procurement processes and more.
At the end of the first phase, the judges will review each team’s progress and choose one winner in each challenge, to be awarded £40,000 each and the chance to implement their solution.
Quids In! Readers Club started as a magazine to help people on low incomes find ways to make their money go further. For this Challenge, they have made a prototype ’money email service’ to offer advice on benefits (especially Universal Credit), income maximisation, budgeting, banking and making the most of the internet.
About the partner
This challenge is presented by the GLA and Lloyds Bank.
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