JUBILEE
JUBILEE
Economic abuse is a form of domestic abuse that involves controlling an individual's ability to access, use, and maintain their own financial resources. For the first time, the proposed Domestic Abuse Bill currently progressing through Parliament recognizes economic abuse as part of its statutory definition.
A recent SafeLives survey, conducted during the ongoing COVID-19 pandemic, revealed that financial concerns were among the top worries for survivors, with 75% expressing anxiety about their mental health and 52% concerned about money. More than one in ten respondents (14%) stated that financial independence or stability in areas like money, work, and housing would increase their safety.
For those experiencing economic abuse, access to advice, support, and additional financial assistance can be crucial as they work toward recovery. This new fund, open to victims of economic and domestic abuse across the UK, will enhance access to resources that offer support and financial aid. SafeLives and our team are collaborating with survivors and domestic abuse specialists to co-create this program, ensuring that the voices and experiences of survivors influence its design, enabling it to meet people’s needs while helping build financial independence and confidence. Further details on how to access the scheme will be shared upon completion of the planning process.
Suzanne Jacob OBE, Chief Executive of SafeLives, commented: "Domestic abuse is everyone’s business, so we’re pleased to see this important step being taken. Economic abuse can have a devastating impact and often forces individuals into impossible situations. We hope this fund will relieve some of the pressure on families enduring these difficult circumstances."
Natasha, a survivor of domestic abuse and SafeLives Pioneer, shared her experience: "I experienced economic abuse as part of my broader domestic abuse. My abuser prevented me from working or having a bank account, leaving me financially dependent on him. With no access to money, leaving seemed impossible. Being able to apply for a small grant gives you peace of mind and empowerment, allowing you to provide for yourself and your children during a vulnerable time."
Alison Rose, CEO of our Group, added: "Banks have a vital role in supporting survivors of economic abuse. The COVID-19 outbreak has intensified the challenges many people face, and those experiencing economic abuse are especially vulnerable. We’re committed to supporting individuals and families, and we’re proud to partner with SafeLives to make a practical difference. Through financial education and support, this Fund is just one way we can empower customers in tough situations, and we will continue to explore ways to improve and expand our support."
Together with our partners SafeLives and Surviving Economic Abuse, we are dedicated to ensuring that vulnerable customers receive protection and support during this challenging time.
Economic abuse is a form of domestic abuse that involves controlling an individual's ability to access, use, and maintain their own financial resources. For the first time, the proposed Domestic Abuse Bill currently progressing through Parliament recognizes economic abuse as part of its statutory definition.
A recent SafeLives survey, conducted during the ongoing COVID-19 pandemic, revealed that financial concerns were among the top worries for survivors, with 75% expressing anxiety about their mental health and 52% concerned about money. More than one in ten respondents (14%) stated that financial independence or stability in areas like money, work, and housing would increase their safety.
For those experiencing economic abuse, access to advice, support, and additional financial assistance can be crucial as they work toward recovery. This new fund, open to victims of economic and domestic abuse across the UK, will enhance access to resources that offer support and financial aid. SafeLives and our team are collaborating with survivors and domestic abuse specialists to co-create this program, ensuring that the voices and experiences of survivors influence its design, enabling it to meet people’s needs while helping build financial independence and confidence. Further details on how to access the scheme will be shared upon completion of the planning process.
Suzanne Jacob OBE, Chief Executive of SafeLives, commented: "Domestic abuse is everyone’s business, so we’re pleased to see this important step being taken. Economic abuse can have a devastating impact and often forces individuals into impossible situations. We hope this fund will relieve some of the pressure on families enduring these difficult circumstances."
Natasha, a survivor of domestic abuse and SafeLives Pioneer, shared her experience: "I experienced economic abuse as part of my broader domestic abuse. My abuser prevented me from working or having a bank account, leaving me financially dependent on him. With no access to money, leaving seemed impossible. Being able to apply for a small grant gives you peace of mind and empowerment, allowing you to provide for yourself and your children during a vulnerable time."
Alison Rose, CEO of our Group, added: "Banks have a vital role in supporting survivors of economic abuse. The COVID-19 outbreak has intensified the challenges many people face, and those experiencing economic abuse are especially vulnerable. We’re committed to supporting individuals and families, and we’re proud to partner with SafeLives to make a practical difference. Through financial education and support, this Fund is just one way we can empower customers in tough situations, and we will continue to explore ways to improve and expand our support."
Together with our partners SafeLives and Surviving Economic Abuse, we are dedicated to ensuring that vulnerable customers receive protection and support during this challenging time.
Economic abuse is a form of domestic abuse that involves controlling an individual's ability to access, use, and maintain their own financial resources. For the first time, the proposed Domestic Abuse Bill currently progressing through Parliament recognizes economic abuse as part of its statutory definition.
A recent SafeLives survey, conducted during the ongoing COVID-19 pandemic, revealed that financial concerns were among the top worries for survivors, with 75% expressing anxiety about their mental health and 52% concerned about money. More than one in ten respondents (14%) stated that financial independence or stability in areas like money, work, and housing would increase their safety.
For those experiencing economic abuse, access to advice, support, and additional financial assistance can be crucial as they work toward recovery. This new fund, open to victims of economic and domestic abuse across the UK, will enhance access to resources that offer support and financial aid. SafeLives and our team are collaborating with survivors and domestic abuse specialists to co-create this program, ensuring that the voices and experiences of survivors influence its design, enabling it to meet people’s needs while helping build financial independence and confidence. Further details on how to access the scheme will be shared upon completion of the planning process.
Suzanne Jacob OBE, Chief Executive of SafeLives, commented: "Domestic abuse is everyone’s business, so we’re pleased to see this important step being taken. Economic abuse can have a devastating impact and often forces individuals into impossible situations. We hope this fund will relieve some of the pressure on families enduring these difficult circumstances."
Natasha, a survivor of domestic abuse and SafeLives Pioneer, shared her experience: "I experienced economic abuse as part of my broader domestic abuse. My abuser prevented me from working or having a bank account, leaving me financially dependent on him. With no access to money, leaving seemed impossible. Being able to apply for a small grant gives you peace of mind and empowerment, allowing you to provide for yourself and your children during a vulnerable time."
Alison Rose, CEO of our Group, added: "Banks have a vital role in supporting survivors of economic abuse. The COVID-19 outbreak has intensified the challenges many people face, and those experiencing economic abuse are especially vulnerable. We’re committed to supporting individuals and families, and we’re proud to partner with SafeLives to make a practical difference. Through financial education and support, this Fund is just one way we can empower customers in tough situations, and we will continue to explore ways to improve and expand our support."
Together with our partners SafeLives and Surviving Economic Abuse, we are dedicated to ensuring that vulnerable customers receive protection and support during this challenging time.
