Kevan Jones – 2016 Parliamentary Question to the Ministry of Defence

The below Parliamentary question was asked by Kevan Jones on 2016-03-07.

To ask the Secretary of State for Defence, which organisations and projects have received funding from the £35 million transferred to his Department from HM Treasury derived from Libor fines.

Mark Lancaster

All £35 million of LIBOR funding has been allocated to projects which support the Armed Forces Community. For details of the organisations and projects which benefited from this money, I refer the hon. Member to the answer I gave on 2 June 2015 to Question 428 to the hon. Member for St Helens North (Mr McGinn). http://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2015-05-28/428/

Organisations that have received LIBOR funds are required to provide a monthly report of progress; these are reviewed and monitored by the Ministry of Defence (MOD) Armed Forces Covenant Team and, where appropriate, action taken to ensure that the project is on track. At the end of each project, recipients of LIBOR funding also complete a close of project report and an assessment is conducted against the original terms and conditions. This enables the MOD to confirm the closure and record lessons learnt for future grants. Where appropriate, the MOD Armed Forces Covenant Team have engaged with projects on a one-to-one basis.