Blind Veterans UK to receive £1 million from the LIBOR fixing scandal
Blind Veterans UK, an Ovingdean-based charity providing training and rehabilitation to blind ex-service men and women, is to receive a £1 million donation from banks involved in the London Interbank Offered Rate (LIBOR) fixing scandal. Following the scandal, the government announced it is using mone
Blind Veterans UK, an Ovingdean-based charity providing training and rehabilitation to blind ex-service men and women, is to receive a £1 million donation from banks involved in the London Interbank Offered Rate (LIBOR) fixing scandal.
Following the scandal, the government announced it is using money from the LIBOR fines, imposed on banks for misdemeanours in the financial markets, to support those who demonstrate the best of British values.
The money for Brighton Kemptown is the largest single donation the programme has made, and will be used to refurbish the Brighton Blind Veterans Centre, which provides veterans with accommodation and care services. This project will improve the quality of life for both permanent residents and those visiting on short stays.
Simon Kirby, MP for Kemptown and Peacehaven, said:
“It is only right that those who behaved so badly should make a donation to those who have given so much to the country. Blind Veterans UK is a great charity doing amazing work and I am certain this money will be put to good use.”
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