Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

Cambuslang and Denny named as locations for new access to cash pilot initiative 

Post Thumbnail

Cambuslang and Denny are among eight locations across the UK to have been chosen to take part in an initiative to help improve communities’ access to cash.

The areas which successfully applied to take part in the Community Access to Cash Pilot (CACP) initiative will work with the banking industry to look at solutions to keeping cash viable for people and businesses.

Potential ways to make improvements could include, for example, installing new ATMs, having a place for retailers to deposit cash locally, or sharing bank branch facilities.

There will also be a focus on “digital inclusion”. Better broadband connections or improved digital skills could also be ways of making it easier for people to access their money.

The solutions could vary depending on the needs of a particular community.

Cambuslang was left “unbanked” following bank branch closures in quick succession.

The community is keen to support financially vulnerable customers in accessing cash, and small businesses.

Meanwhile Denny, located between Edinburgh and Glasgow, has a population of around 8,000, with 16% of the population over 65 years old.

It has seen a reduction in access to cash facilities.

The other UK locations chosen are Ampthill in Bedforshire, Burslem in Staffordshire, Botton Village in North Yorkshire, Hay-on-Wye in Powys, Lulworth in Dorset, and Rochford in Essex.

Some further locations will be confirmed in the coming weeks.

The pilot initiative is being led by Natalie Ceeney, who chaired the Access to Cash Review and the findings will be published in early 2021.

Cash use has plummeted during the coronavirus outbreak, with many shops encouraging people to pay by card and people visiting ATMs less often.

According to figures from UK Finance, 7.4 million people rarely or never used cash in 2019 – but 2.1 million used cash regularly.

Ms Ceeney said: “Over the past decade we’ve seen a massive shift from cash to digital payments, and Covid-19 has accelerated that trend further.

“But we know that digital payments don’t yet work for everyone, and for many individuals and communities, cash remains essential.

“But the world is changing – we can’t just ‘magic’ back our old bank branch and ATM infrastructure. Instead, we need to use innovation to develop new solutions as well as harness tried and tested approaches to meet people’s needs.”

John Glen, Economic Secretary to the Treasury and City Minister, said: “Digital payments have brought huge benefits, but we know that cash remains important to many people’s lives.

“So I welcome today’s announcement of the locations of the pilots, which will help inform the most effective ways of protecting access to cash at the local level, at a time when our communities mean more to us than ever.

“I look forward to seeing the progress made by the pilots, as the Government develops legislation to protect access to cash, and would like to thank Natalie Ceeney CBE for her work on this important issue.”

John Howells, chief executive of cash machine network Link said: “Our analysis of ATM withdrawals during the lockdown shows significant differences depending on where you live and that cash is even more important in deprived areas.

“The UK isn’t ready to go cashless and Link is working hard to support communities maintain maintain cash access.”