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Blind Veterans UK to receive Libor fines money

Date
23 October 2013 15:40

Blind Veterans UK is delighted to have been awarded £1 million from the Armed Forces Covenant LIBOR Fund towards our vital work.

Blind Veterans UK is delighted to have been awarded £1 million from the Armed Forces Covenant LIBOR Fund towards our vital work. This is what our Chief Executive has to say about what we are going to do with the money:

Robert Leader - Chief Executive of Blind Veterans UK, said:

"Blind Veterans UK is delighted that blind ex-Service men and women will benefit from the Libor fines money. Following our successful bid, we will invest the money in a major refurbishment of our Brighton care, rehabilitation and training centre, which celebrates its 75th anniversary this year."

As well as providing a safe and secure home for a number of older blind veterans the Brighton centre provides hundreds of vision impaired ex-Service men and women and their families with recreation, training and rehabilitation support each year. The centre is renowned for providing life changing services that help our members enjoy life beyond sight loss, and face the implications of their vision impairment.

Robert Leader said:

"While the Brighton centre's current facilities met standards at the time they were built and still provide a high level of care, they are now in need of upgrading to ensure that the building remains fit for purpose for the blind veterans who rely upon us. The Libor fund money will go a long way to helping us achieve that goal."

Chancellor George Osborne said:

"I am delighted that we have been able to provide this support to the armed forces charities, those that demonstrate the best of British values".

What is the Armed Forces Covenant LIBOR Fund?

In 2012, the Chancellor allocated £35 million to the MOD from fines levied on banks for attempting to manipulate the London Interbank Offered Rate (Libor) benchmark for interest rates. The intention of the Libor Fund is to support the two key principles of the Armed Forces Covenant, which are that the Armed Forces Community should not face disadvantage in the provision of public and commercial services, and that special consideration is appropriate in some cases, especially for those who have given most such as the injured and the bereaved.

Read more on the gov.uk website.

For interviews, images and further information please contact Olivia Dunn, PR Assistant, Blind Veterans UK tel: 02027 616 7912 or email: Olivia.dunn@blindveterans.org.uk

Notes to editors:

Blind Veterans UK

Blind Veterans UK (formerly St Dunstan's) is a national charity that believes that no-one who has served our country should have to battle blindness alone. It provides blind and vision impaired ex-Service men and women with lifelong support including welfare support, rehabilitation, training, residential and respite care.

The Brighton rehabilitation, care and training centre is one of three run by Blind Veterans UK.  The other two are in Sheffield and Llandudno, North Wales.

The charity needs £100 million over 5 years to provide lifelong support to blind ex-Service men and women. Find out more at: www.blindveterans.org.uk, and follow us on Facebook at: www.facebook.com/blindveteransuk and on Twitter at: www.twitter.com/blindveterans

Armed Forces Covenant

The government has announced that more causes and charities supporting the armed forces community are to benefit from the latest tranche of funding from the £35 million Armed forces covenant (LIBOR) fund.