Starting 1 October 2025, more than 300 grant recipients across all Australian states and territories will receive funding to ensure that vulnerable individuals and families can access essential services. The support is part of the Financial Wellbeing and Capability (FWC) Activity, which targets financial and social exclusion among at-risk populations.
The FWC sector plays a critical role in providing services that help people manage debt, build financial independence, and respond to emergencies. These services aim to enhance financial resilience, alleviate cost-of-living pressures, and assist those affected by economic hardship or natural disasters.
The government has announced an increase in FWC funding from $120 million to $150 million annually, beginning in 2025. This additional investment is expected to benefit approximately 500,000 Australians each year.
Grants will now be offered for longer durations—up to five years—providing greater stability for service providers. This extended funding period will enable organisations to plan strategically and expand their reach to more individuals in need.
Services covered under the FWC program include Emergency Relief, Food and Material Aid, Financial Counselling, Financial Capability support, Financial Wellbeing Hubs, No Interest Loan Schemes (NILS), the Saver Plus matched savings program, and access to the National Debt Helpline.
