In 2012 HM Treasury announced fines collected from banks for rigging the London interbank offered rate would be used to support good causes. Successive Budgets and Autumn Statements have made tranches of funding available to specific charities and projects.

The 2017 LIBOR grant scheme is now open to applications from registered charities, CICs, and Armed Forces unit with a UIN.

There is neither a minimum nor a maximum amount of funding, and the Treasury has not given a total amount for this round. In the past, grants have ranged from £100,000 to £5 million.

The grants are to be used for projects that make a difference and have a positive outcome for people in one or more of the following categories:

  • Serving members of the Armed Forces.
  • Family members of those serving in the Armed Forces.
  • Veterans of the Armed Forces.
  • Serving Emergency Services personnel.
  • Family members of Emergency Services.
  • Former Emergency Services personnel.

Projects can take place for up to three years and must take place after April 2018 and by the end of March 2021.

The deadline for applications is 25 August 2017 (noon).

For further information please visit the fund website here.