The debt advice charity was granted access to £33 million from the fund to support its activities in England and Wales and the organisation suggests its extension demonstrates a commitment within the government to helping those with serious debts.
And so far money received by Citizens Advice via the Financial Inclusion Fund has meant close to 100,000 people looking for advice on becoming debt free have local access to a specialist advisor, the charity reports.
“We know that the government is committed to maintaining its level of action to promote financial inclusion and we hope this will reduce debt and help people manage money effectively,” said Teresa Perchard, director of policy for Citizens Advice.
“We’re very pleased that the Government sees financial inclusion as such a high priority.”
Last week, the government’s consumer minister Ian McCartney urged the millions of Brits with debt management issues to take advantage of the relevant advice available to them from a range of different sources.