By Claire West
Specialist regional Illegal Money Lending (IML) and Scambuster teams run by Trading Standards will continue to be funded by the Department for Business.
In order to deliver even better results and a more efficient service the Government will also be re-organising the structure of the IML teams.
The IML and Scambuster projects will be funded next year at approximately the same level as this year - receiving £5.2m and £3.2m respectively. Funding is expected to be similar in 2012/2013.
The Department for Business, Innovation and Skills will also restructure the IML project - moving away from regional teams to a structure that will see one team in England alongside national teams in Scotland and Wales. Action in England will be co-ordinated by a Birmingham based team that already covers five regions and has proved to be extremely successful. Expanding its role will bring efficiency savings, but should also bring even better results — with independent research showing that larger teams have proved more successful than smaller ones.
Consumer Minister Edward Davey said:
"These are good projects - they are taking the fight to loan sharks and scammers in communities up and down the country.
"It is extremely pleasing that despite the huge budget deficit we have been able to find the funding to continue this important work. People who prey on the vulnerable will not be tolerated and these teams will help lead the fight against these crooks.
"But at a time when extremely tough public spending decisions have to be made, we have also taken a long hard look at whether we can deliver the same outcomes in a more efficient way. I believe our new structure does exactly that — I’m confident it will bring efficiency savings and even better results."
The Department for Work and Pensions has also announced today that
Jobcentre Plus has joined forces with Trading Standards to help customers who are being targeted by loan sharks. Frontline staff at Jobcentre Plus are now being trained in how to spot signs of illegal money lending activity.