Credit Unions

Part of 2. Questions to the Minister for Economy – in the Senedd at 2:27 pm on 11 May 2022.

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Photo of Vaughan Gething Vaughan Gething Labour 2:27, 11 May 2022

I thank you for the question. As the Member will know, credit unions are the lead responsibility of the Minister for Social Justice. The Welsh Government has invested £0.5 million annually in credit unions. During the pandemic, we provided £2 million of capital funding to ensure that credit unions could continue to support the financially vulnerable. Since December of last year, we have provided an additional £680,000 to help with marketing, expand membership and increase lending.