Call for applications to the LIBOR Fund 2017 Accepting UK Applications16-Aug-2017
HM Treasury advise they are still accepting applications for the latest round of LIBOR funding.
Announced in 2012, The LIBOR Fund was created following banking scandals related to the rigging of the benchmark rate that some of the world’s leading banks charge each other for short-term loans.
During that time, the HM Treasury statement announced that “the proceeds from (London InterBank Offered Rate) fines would be used to support Armed Forces and Emergency Services charities and other related good causes that represent those that demonstrate the very best of values.”
Projects that support the Armed Forces and Emergency Services communities can now apply: Emergency Services are defined as “Police Officers, Fire Fighters, Paramedics, and other professionals called to scenes of crisis or crime.”
Applications will be accepted from a registered charity and a Community Interest Companies. Armed Forces unit with a Unit Identification Number (UIN) are also eligible to apply.
Cadet Units are also eligible to apply, but are advised to apply through their parent organisation.
Funding can be used for capital projects, including building projects. However, applicant organisations will need to secure match funding for at least 50% for the project.
Projects can be funded for up to three years, providing it will end by March 2021.
For this round, the deadline for applications is 25th August 2017, with further dates to be announced in later seasons.