The Treasury has awarded a further eight armed forces charities a share of £2.6m today from fines levied on banks for attempting to manipulate the Libor benchmark.
This brings the total allocated to more than £7m and completes the first round of funding. HM Treasury is now inviting applications for the next tranche of funding.
In January the government announced, as part of its mid-term review, that it would donate the £35m raised from bank fines to armed forces charities.
The biggest beneficiary from today's announcement is SSAFA, which was awarded £1.1m across three projects.
The charities announced today are:
- Royal Navy and Royal Marines Children’s Fund - £25,000 to produce a booklet for families where someone has PTSD.
- RAF Widows’ Association - £5,000 to train people who are the first point of contact for new widows and widowers.
- Soldiers, Sailors, Airmen and Families Association (SSAFA) – £207,500 to fund breaks for service children with additional needs; £547,000 to train mental health first aiders and £350,000 to develop mentoring relationships.
- National Memorial Arboretum - £625,000 to implement a new programme to improve memorials.
- Army Family Federation - £238,000 to create an Armed Forces Covenant cell to ensure army families have fair access to public services.
- Navy Family Federation - £343,500 to create a regional network of covenant practice experts to engage with local aurthorities, NHS Trusts and school governors on the implementation of the Armed Forces Covenant at a local level.
- RAF Family Federation - £235,000 to create a network of regional representatives.
The deadline for applications to the Libor Fund is 3 May 2013, click here for more information.
