29th June 2017 Ascension Team

Digital Agenda – £20m anti-poverty initiative

Telefónica-owned Wayra UK opens its latest tech accelerator programme this week, supported by a new multi-agency fund worth up to £20m with a focus on helping eliminate the ‘poverty premium’ by 2027. Wayra’s Open Future_ North facility is based in Oldham.

Fair By Design LogoA new tech accelerator programme with a focus on tackling UK poverty opens its doors in Oldham, Greater Manchester, this week – confirming the news of a fund supporting the programme reported in DigitalAgenda last month.

Wayra Fair By Design will support up to seven tech startups a year across the north, based in the town’s Open Future_ North accelerator. It will back startups seeking to tackle the ‘poverty premium’, which sees people from low-income households paying more for the same products or services – including energy, insurance, borrowing, transport and food – than those who are better off financially.

“It should not cost more to be poor,” said Gary Stewart, director of Wayra UK…

Source – Digital Agenda

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