Local charity to benefit from LIBOR fines fund

The North East Hampshire Domestic Violence Forum is one of the armed forces charities and good causes to benefit from the latest tranche of funding from the £35 million Armed Forces Covenant (LIBOR) Fund, the government has announced.

It will receive £59,380 to develop a Domestic Abuse strategy toolkit for use by Armed Forces and civilian services responding to disclosures and suspicions of domestic abuse involving serving or veteran families in North East Hampshire.

James Arbuthnot, MP for North East Hampshire, said today, ‘This is extremely good news for the Forum and the Armed Forces community. Fines levied on banks for manipulating the LIBOR rates are going to worthy causes to help those who contribute so much to our country, and I am very pleased that one of the charities in my constituency will benefit.’

Sixteen military good causes are sharing almost £2.5 million in the latest allocation of the fines levied on banks for attempting to manipulate the London Interbank Offered Rate (LIBOR) benchmark.

This latest announcement means over £9 million in total has been given to Armed Forces good causes through the 49 charities that have secured funding.

The projects announced today will benefit the whole armed forces community, including those currently serving, veterans and families. The charities cover a diverse range of causes and will have an impact across the country.

 

Details of projects which have benefitted from previous allocations from the LIBOR fund are available online.