Question to the Ministry of Defence:

To ask the Secretary of State for Defence, how much Libor funding has been given to charities which support veterans in each of the last five years.

The Ministry of Defence has distributed on behalf of HM Treasury £266 million of the Libor fund by way of four specific grant programmes. Of these, two legacy grant programmes, the £40 million Veterans Accommodation Fund and the £30 million Aged Veterans Fund, benefited veterans exclusively. The legacy £35 million Armed Forces Covenant Scheme and the open £10 million per annum Covenant Fund also support veterans projects as well as projects supporting other sectors of the Armed Forces community. However, HM Treasury have also distributed £467 million in individual grants to support Armed Forces and Emergency Service charities and other good causes. Veterans’ charities will have benefited but the breakdown will not be available until a full review has been completed in 2018. HM Treasury, which administers the individual Libor grants has asked the Covenant Fund team to undertake a full review of the 729 grants awarded by HM Treasury which will include an assessment on the outcomes and impact. Any decisions on the future of Libor funding is a matter for HM Treasury.