Norfolk armed forces charity shares in £12m windfall from bankers’ fines.

Mike Taylor at the official opening of the Bridge for Heroes Military Experience Centre in King's Lynn earlier this year. Picture: Ian Burt Mike Taylor at the official opening of the Bridge for Heroes Military Experience Centre in King's Lynn earlier this year. Picture: Ian Burt

Sunday, December 15, 2013
8:10 AM

King’s Lynn-based Bridge for Heroes, which supports hundreds of veterans of past and current conflicts suffering fro post traumatic stress, will receive £103,000.

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It is among 24 armed forces charities which will share £12m in grants from the Armed Forces Covenant (LIBOR) Fund.

The money comes from fines levied on banks which were caught manipulating the LIBOR - the interest rate at which banks can lend each other money.

A total of £35m has now been used to support 96 Armed Forces charities and good causes.

Chancellor George Osborne said: “I delighted to be able to announce more money for those who are supporting our brave armed forces, veterans and their families.

“It is right that money paid in fines by people who demonstrated the worst of the values in our society is now being used to help and support those who demonstrate the very best.”

Bridge for Heroes will receive £103,920 to provide face-to-face mental health support to serving personnel, veterans and their families in Norfolk.

General the Lord Dannatt, former head of the armed forces, is the patron of the charity, which was set up in 2010.

It runs a contact centre in King’s Lynn town centre, which offers counselling and advice. In two years it has carried out more than 3,000 support sessions.

Two months ago, its founder Mike Taylor warned it would close within weeks unless more money could be found.

Other recipients include Veterans F1rst Point, which will will receive £2,560,586 to establish a number of mental health support centres in Scotland.

Defence Medical Welfare Service, an independent organisation, will be given £896,296 to provide forces personnel across the UK with additional hospital welfare and psychosocial support.

Combat Stress will get £575,268 to provide a 24 Hour Helpline for veterans providing welfare advice, support and guidance.

The Queen Alexandra Hospital Home which provides residential and respite care for ex-servicemen and women will receive £484,717 to improve its kitchens and disabled access.

The RAF Benevolent Fund will use £381,968 to upgrade 40 bathrooms for guestrooms at Princess Marina House which provides recuperative breaks to serving or ex-serving members of the RAF family, their partners and adult dependants.

4 comments

  • not enough! and where are the arms manufacturers contribution, voluntary or in the form of tax, who design the weapons that maim soldiers, but most important, innocent civilians around the world? what do the shareholders think of their social irresponsibility?

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    ingo wagenknecht

    Monday, December 16, 2013

  • Check out any charity on their web site to see their employee numbers and job vacancies. It might come as surprise or shock.

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    norman hall

    Sunday, December 15, 2013

  • Being a head of a charity can be massive business. Help for Heroes could pay one of their top people for a year for that kind of money!

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    HappisburghHarry

    Sunday, December 15, 2013

  • You have got to seriously wonder about these charities with there being over 2,000 armed services fund-raising groups who have a joint income of £800 million plus; It looks to have become big business.

    Report this comment

    Old Long Balls

    Sunday, December 15, 2013

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