Government will invest £2.26 million from the LIBOR fines to support veterans

Welsh veterans will benefit from new Covenant funding announced today, Sunday 31st August.

The government will invest £2.26 million from the LIBOR fines to support veterans who are homeless, wounded, injured or sick to access local housing and support services in Wales.

The First Choice Housing Association’s Veterans Accommodation Pathway project will address the housing needs of veterans from across the UK that wish to settle in Wales and the borders by supporting their transition into civilian life and employment.

Projects will run in Wrexham, Ceredigion and Flintshire.

Prime Minister David Cameron said:

“For the last 4 years, I’ve put strengthening respect and increasing support for our Armed Forces at the heart of this government’s agenda.

This week, I want to build on that at the NATO summit in Wales by establishing a new NATO Alliance Declaration that will set out our shared commitment to supporting our Armed Forces and their families and providing them with the help they need.

We must also ensure we honour properly those who have given their lives in the service of their country and that’s why this extra funding for the Armed Forces Memorial is so important. It will ensure we maintain this special place where families and friends can go to remember their loved ones.

And I’m pleased that we are also continuing our work to support veterans across the country. This LIBOR funding will help veterans in Wrexham, Ceredigion and Flintshire to make the transition into civilian life, providing assistance as they find new jobs and homes.”

The First Choice Housing Association’s Veterans Accommodation Pathway project will address the housing needs of veterans from across the UK that wish to settle in Wales and the borders by supporting their transition into civilian life and employment.

Projects will run in Wrexham, Ceredigion and Flintshire and address the needs of those at risk of homelessness.

The £2.26 million will be drawn from the £40 million Veterans Accommodation Fund which was established using the LIBOR fines.

This is the second project in Wales to receive funding this year from the LIBOR fund. Blind Veterans UK and BLESMA have received £1.25 million to support blind and injured veterans near Llandundno in North Wales.