LTC launches financial support platform

By Amelie Maurice-Jones

- Last updated on GMT

Helping out: LTC has created a website that offers financial advice (Getty/ Adam Gault)
Helping out: LTC has created a website that offers financial advice (Getty/ Adam Gault)
The Licensed Trade Charity (LTC) has compiled useful resources to help the sector manage finances as the cost-of-living crisis bites, including financial grants and a 24/7 helpline.

The webpage said: “We all know the cost of living is rising and many will find it difficult to afford their bills this year, especially during the winter months.

“For licensed hospitality people (past and present) we’ve pulled together as many useful resources and links as we can find, to help you!”

The support includes a financial wellbeing platform with tips to manage finances and a bill comparison tool. There is also a benefits calculator to check you are receiving everything you’re entitled to, as well as a help sheet with tips on managing on a reduced income.

The resources are available free-of-charge for everyone who works in licensed hospitality.

Helping the trade

“Whether you’ve done three days or 30 years, now or in the past, we are able to help people who work in the sale, service, manufacture and distribution of alcohol,” said the LTC.

The webpage also includes a 24/7 helpline for people in the trade to call if money is affecting their mental wellbeing or relationship, with specialists available to discuss housing worries.

In addition, there is a StepChange 60 second debt test which helps users find out what to do if they are worried about debt.

Furthermore, if somebody has worked in the licensed trade for five years of more, it is possible the charity could help with a grant.

Applications

Applications for grants are means tested, meaning the financial support comes as grants, rather than loans. The LTC vows it would never ask for the money back. Grants can be applied for through the 24/7 helpline.

What’s more, the helpline is open to those struggling to afford things their children need for education, like uniform.

The LTC also urges those who believe their child would benefit from an outstanding education at its school, LVS Ascot, to get in contact to discuss bursaries or scholarships.

You can call the helpline at: 0808 801 0550

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