New advice service for people with mental ill health and financial difficulties to be developed
A new 2-year charity partnership is aiming to create a Mental Health and Money Advice Service that will offer support for people experiencing mental health and financial difficulties.
The partnership, between Lloyds Banking Group and Mental Health UK, also aims to promote awareness of the link between mental health and money problems, encourage discussion between customers and colleagues and raise at least £2 million per year in offices and branches across the UK.
About 1 in 4 people are affected by mental illness and, of those, around 4 million also struggle with their financial wellbeing. The joint ambition of Lloyds and Mental Health UK – a new charity combining the strength and expertise of Rethink Mental Illness, Hafal, Support in Mind Scotland and MindWise – is to address this increasing need within today’s society and encourage people to open up about their concerns and seek help.
The partnership has come about after 62% of Lloyds’ employees voted in October last year to support mental health as the Group’s new charity theme throughout 2017 and 2018.
Brian Dow, director of external affairs at Rethink Mental Illness, said: “We are incredibly excited about what this partnership between Mental Health UK and Lloyds Banking Group can achieve. It’s the coming together of an organisation that really understands money, and charities that really understand mental health, and those two things belong together. Having the support of such a large banking group will enable us to make a huge difference supporting the four million people affected by both mental health and financial challenges in the UK.”