iGEN
Visit IGEN World Explore IGEN Expo
EXPLORE UPGRADE PLANS
BREAKING
Home ›› Finance ›› Banking ›› Wolverhampton Finance-Help Scheme Unlocks Nearly £1.4m for More Than 200 Residents

Wolverhampton Finance-Help Scheme Unlocks Nearly £1.4m for More Than 200 Residents

Wolverhampton City Council's Boost scheme, launched at the start of the year, has helped over 200 residents access nearly £1.4m in unclaimed benefits and grants, while also generating £64,468 in annual savings on bills. Citizens Advice Dudley and Wolverhampton has joined as a partner to expand the programme's reach.

iG
iGEN Editorial
June 18, 2026
Wolverhampton Finance-Help Scheme Unlocks Nearly £1.4m for More Than 200 Residents

More than 200 residents in Wolverhampton have been helped to access unclaimed benefits, grants and other income as part of a new scheme, unlocking nearly £1.4m in total, according to Wolverhampton City Council.

Project Boost: Key Figures

The council said its Boost project, which launched at the start of the year, helped residents access nearly £1.4m in total. It also helped people save £64,468 in annual reductions in bills and expenditure. The scheme aims to help residents take better control of their finances.

Metric Value
Residents helped More than 200
Total income unlocked Nearly £1.4m
Annual savings on bills £64,468

Partnership with Citizens Advice

Citizens Advice Dudley and Wolverhampton has now joined as a partner, a move the council hopes will increase the number of people helped. The organisation will provide additional support and guidance to residents navigating the financial assistance system.

Nikki Saunders, director of services at Citizens Advice Dudley and Wolverhampton, said they see first-hand the difference that accessing the right support can make to people's lives and were pleased to be part of Boost. "Too often, residents miss out on benefits and financial assistance simply because they are unaware of what they may be entitled to, or find the process difficult to navigate," Saunders said.

Quotes and Impact

Stephen Simkins, leader of Wolverhampton City Council, said: "Boosting income can transform lives, it creates life opportunities and helps people thrive not just survive." He said the figures showed "just how many of our residents" were missing out on income they were entitled to. Simkins added that Boost "is there for everyone, people who work hard, people who've paid into the system for years and people who just don't realise what they're entitled to."

The scheme's success demonstrates a model for local government initiatives aimed at improving household financial resilience through targeted support and partnership with advice charities.


Sources: BBC-Business

Keep Reading

Recommended Stories

Centre releases ₹25,863 crore first instalment under VB-G RAM G Yojana Business

Centre releases ₹25,863 crore first instalment under VB-G RAM G Yojana

The Centre has released the first instalment of ₹25,863 crore to all states under the Viksit Bharat G-RAM-G Yojana, which replaced MGNREGA on July 1, 2026. Union Minister Shivraj Singh Chouhan announced the release, highlighting the smooth transition and enhanced 125-day employment guarantee.

July 8, 2026
Aston Martin Secures £550m Loan Package to Bolster Balance Sheet Amid US Tariffs and Weak China Demand Finance

Aston Martin Secures £550m Loan Package to Bolster Balance Sheet Amid US Tariffs and Weak China Demand

Aston Martin has secured £550m in loans managed by HPS Investment, including a £450m senior secured-term loan and a £100m delayed draw facility, to strengthen its balance sheet and fund future product plans. The move comes after the company cut 600 jobs and reported a net loss of £493.2m for the last fiscal year, attributing the poor performance to US tariffs and weak demand in China. CFO Doug Lafferty said the financing 'significantly strengthens our liquidity.'

July 22, 2026
IIFCL Plans $1 Billion Overseas Loan and Eyes $400 Million ADB Funding to Support India's Infrastructure Push Finance

IIFCL Plans $1 Billion Overseas Loan and Eyes $400 Million ADB Funding to Support India's Infrastructure Push

According to a Business Today report, India Infrastructure Finance Company Ltd (IIFCL) plans to raise $1 billion through an overseas loan and is also in talks for $400 million in funding from the Asian Development Bank (ADB) to support infrastructure development in India.

June 29, 2026
Is AI facing a big financial reckoning? Chip stocks tumble as investor euphoria fades Technology

Is AI facing a big financial reckoning? Chip stocks tumble as investor euphoria fades

Sharp falls in chip maker stocks have triggered investor concerns that the AI euphoria is fading. Korean chip makers SK Hynix and Samsung dropped 46% and 35% in a month, while US firms Micron and Intel fell 28% and 35%. China's reported chip breakthrough and worries over AI monetization add pressure. Despite the sell-off, Eileen Burbidge calls it a healthy correction after massive gains.

July 29, 2026