£10m of Libor fines awarded to schemes that support emergency services personnel

Mind, the Fire Fighters Charity and the Ambulance Services Benevolent Fund the main beneficiaries of this latest tranche of money from fines on banks

Fire Fighters Charity among the recipients
Fire Fighters Charity among the recipients

The government has awarded almost £10m of funds collected from Libor fines levied on banks to schemes that will support 200,000 emergency services personnel and volunteers.

The Cabinet Office said £4m of the money, which was collected from banks that were fined for manipulation of the Libor rate, would go to the mental health charity Mind to develop a package of support for emergency services personnel.

It said that £2m would go to the Fire Fighters Charity, which provides rehabilitation and support for the fire-fighting community, as part of £3m that was being awarded to address physical injuries incurred by emergency services personnel on front-line duties.

And £1m, it said, would go on bringing together a number of charities that provided support to the bereaved families of emergency services personnel.

A six-figure sum will also go to the Ambulance Services Benevolent Fund, which provides support to ambulance service personnel and volunteers, to help it expand. A Cabinet Office spokeswoman said the exact amount had not yet been finalised.

Grants from Libor fines have already been awarded to a number of cause areas, including £35m to military causes, £60m to support armed forces personnel and £10m to set up a fund to support uniformed youth charities.

Paul Farmer, chief executive of Mind, said it was especially important that people who were exposed to traumatic or life-threatening situations received appropriate support.

Ken Seager, chairman of the Fire Fighters Charity, said: "This assistance will enable us to continue our work providing life-enhancing services and making a positive difference by supporting people in the fire and rescue community when they are in need."

George Osborne, the Chancellor of the Exchequer, said: "Emergency services personnel regularly put their lives on the line to protect the most vulnerable in society, and these funds will help support both them and their families through bereavement, mental health issues and physical injuries sustained through their vital work.

"It’s only right that fines from those who’ve demonstrated the worst of values are used to support brave emergency services personnel who demonstrate the best of British values."

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus