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Written question asked by Lord Beamish (Labour) on Monday, 7 March 2016, in the House of Commons. It was due for an answer on Thursday, 10 March 2016 (named day). It was answered by Lord Lancaster of Kimbolton (Conservative) on Thursday, 10 March 2016 on behalf of the Ministry of Defence.

Armed Forces Covenant

Question

To ask the Secretary of State for Defence, what audit checks have been made on projects and organisations that have received funding from Libor fines.

Answer

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.

Secondary information

Type
Written question
Reference
29945
Session
2015-16
Attachment
Armed Forces Covenant
Grouped for answer
Yes
Subjects
Fines Armed forces covenant LIBOR
Link
View this Written question on www.parliament.uk