Today, as we announce new partnerships and funding across the debt advice sector, we would also like to take this opportunity to reiterate our commitment to our important existing partners and services. One of these is StepChange, which will continue to play a vital role in delivering debt advice, solution servicing and wider support as we work together to increase capacity, particularly as millions of households face increasing cost-of-living pressure.
We recognise the expertise and commitment of their adviser workforce in delivering our shared priority of helping people receive life-changing debt advice. Over the coming years, StepChange will remain a key strategic partner in the sector and a valued member of our MaPS Advisory Group to the Board and Debt Advice Reference Group, amongst other cross-sector initiatives. We look forward to continuing to work with them on this basis, and hope to work with them on exciting new opportunities and projects as and when they arise.
We have full confidence in the services they offer and the outcomes they achieve for their clients and, as we do now, will continue to refer clients to them through our MoneyHelper services and our digital debt advice locator tool.
In addition to these new three-year contracts, our community-based debt advice services, including face-to-face provision, will be maintained through 26-month grants announced on 29 September 2022.
Once the new contracts and grants are live, MaPS will be investing £76m per year into debt advice services. This is an almost 80% increase compared with 2019. Our newly-commissioned services will provide a seamless and comprehensive offer for many more people needing debt advice, including greater capacity for complex cases and for those clients who require additional support. As well as a greater focus on income maximisation and increased outreach for those who need help, our new services will enable a greater use of multi-channel advice, making best use of improved technology.
MaPS would like thank all of the organisations who have participated in this commissioning process. We recognise the considerable time and effort taken. All of these organisations, as well as others we have funded in the past, continue to provide excellent debt advice and help many people, and remain invaluable stakeholders for MaPS.
As commissioning moves forward to the next phase, MaPS will support all providers as they work to ensure continuity for existing debt advice clients and to explore how the unique experience and expertise of debt advisers can be retained within the sector.