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FUNDING: Armed Forces Covenant (LIBOR) Fund

Armed Forces Covenant (LIBOR) Fund

 
Status: Open to applications
Application Deadline: 16 October 2013

Description

Grants are available to charities and other not-for-profit organisations in the UK for projects which support the Armed Forces community.


Details

Maximum Value: £ 5,000,000
Minimum Value: £ 50,000

Value Notes

Grants of between £50,000 and £5,000,000 are available.


Extended Description

Funding for the Armed Forces Covenant (Libor) Fund comes from the Government and is administered by the Ministry of Defence (MOD).

The Chancellor of the Exchequer has allocated £35 million from fines levied on banks for attempting to manipulate LIBOR to support the Armed Forces Community.

The aim of the fund is to support the two principles of the Armed Forces Covenant:

  • That members of the armed forces community should not face disadvantage in comparison to other citizens.
  • That special consideration is appropriate in some cases, especially for those who have given most such as the injured and the bereaved.

Latest Information

Applications for Tranche 3 will be accepted between 5 September 2013 and 16 October 2013.


Key Criteria

Charities and other not-for-profit organisations in the UK may apply.

Applicants must:

  • Be aligned with the principles of the Armed Forces Covenant.
  • Be a reputable organisation.
  • Be able to show their work will benefit the Armed Forces community.
  • Demonstrate value for money.
  • Demonstrate their project is sustainable.
  • Identify a clear client base.

Groups should:

  • Demonstrate a track record in delivering the work they want funded.
  • Support a broad client base both numerically and geographically.
  • Avoid project duplication
  • Where possible promote collaboration amongst service providers.
  • Support expansion of successful local/regional charitable projects to a national scale.

Eligible Expenditure

Projects should support the Armed Forces Community Covenant aims to:

  • Encourage local communities to support the armed forces community in their areas and to nurture public understanding and awareness of issues affecting the armed forces community.
  • Recognise and remember the sacrifices faced by the armed forces community.
  • Encourage activities which help to integrate the armed forces community into local life.
  • Encourage the armed forces community to help and support the wider community, whether through participation in events and joint projects, or other forms of engagement.

Match Funding Restrictions

Although match funding is not a requirement, projects with match funding will be viewed favourably.


Restrictions

The following cannot be funded:

  • Endorsements by third parties.
  • Applications which ‘gap fill’ a service that is or should be provided by others (Other Government Department, local authority, existing MOD provision).
  • For-profit projects.
  • Ongoing maintenance.
  • Applications that are eligible for the Community Covenant Grant Scheme.
  • Projects which benefit a small number of people.
  • Repeat or regular projects that require a source of uncommitted funding.
  • Grant schemes or funds; investments, endowments or fundraising activities.
  • Medical treatment.
  • Retrospective costs.
  • Wage subsidy.
  • Contingency costs.
  • Management or professional fees.

Application Procedure

An application form and full details of the Libor Fund can be found on the MOD website

Applications should be submitted by email to the Covenant Mailbox

Applications should be submitted as a Word document (where possible) and emails should be under 8MB to avoid automatic rejection by the MOD firewall.


Addresses and contacts

Application forms may be available to download on this site – please see the downloadable files on the right hand panel at the top of this page – or alternatively please check the funding body’s own website.

Contact details:
Covenant Team Ministry of Defence
6th Floor, Zone 6
MOD Main Building
Horse Guards Avenue
London
SW1A 2HB
 

For more information, please visit Funding Central.  Registration is completely free.