The Scheme will support the PRS by providing tenants with additional access to the advice and support they need to manage their financial commitments, establish affordable repayment plans with their landlord or letting agent to address rent arrears and reduce the risk of them losing their home.
The funding will also support a range of initiatives that help people, particularly those most vulnerable, to claim the financial support available to them from the Welsh and UK welfare benefit systems.
Whilst the coronavirus outbreak is affecting everyone, we know that it is having a more significant financial impact on some of the most vulnerable people in our society.
The funding I am announcing today will help those who are most at risk of debt because of loss of household income to better cope with their financial commitments.
It is clear that the impact the pandemic has had on our economy will be felt for the long-term, and we will continue to seek to maximise services available as we recover from this crisis.
The financial impact of the crisis is clear - many tenants in Wales are already falling behind or expected to fall behind with their rent payments.
Advice services are invaluable in helping people build financial capability whilst supporting them to navigate through the benefit system to better understand what they may be entitled to and how to claim.
This is part of a package of support we are looking at in Wales to make sure we provide more support, more quickly, to the people who need it the most.
