Libor fund open for applications

22 Jun 2017 News

Charities with projects supporting the Armed Forces and Emergency Services can now apply for a new round of Libor funding.

The Treasury said it could not reveal how much funding there was available in this round of funding.

The Budget earlier this year included no mention of Libor banking fines being given to charity for the first time since 2013.

The money gifted to charities has come under fire in the last couple of years over the apparent lack of application process, with concerns about how exactly the money was handed out. In the last year the Treasury seems to have tightened up its processes, and announced the opening of an application process for Libor funding ahead of November’s Autumn Statement.

In 2012, the Treasury announced: "The proceeds from Libor fines would be used to support Armed Forces and Emergency Services charities and other related good causes that represent those that demonstrate the very best of values."

Completed applications must be submitted online by midday on 25 August 2017. More information on how to apply can be found here.


More on