Ex-armed forces personnel in need of housing will be able to benefit from funding for life-changing accommodation initiatives across the country, Defence Minister Anna Soubry has announced.

The new funding, guaranteed through London Interbank Offered Rate (LIBOR) fines imposed on banks, has doubled the total amount the government has given to armed forces' and veterans' charities through this scheme, which is part of the nation’s commitment to the armed forces covenant.

The announcement was made by the defence minister during a visit to Blind Veterans UK in Brighton, and demonstrates the government's continued commitment to our armed forces, veterans and their families.

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Thousands of veterans are expected to benefit from this additional £40 million, which will help charities build new homes, buy new accommodation or spruce up old facilities. Projects are expected to include hostels and half-way houses for veterans who have fallen on hard times, supported housing for the wounded, injured and sick, and long-term care homes.

Anna Soubry speaks with a blind veteran

Speaking from Blind Veterans UK in Brighton, Anna Soubry said: "The men and women of our armed forces have served their country with honour and bravery so it is only right that we help meet their housing needs when they have fallen on hard times, been wounded in service or need day-to-day care and support once they have left the armed forces.

"I am delighted that we have been able to double the amount we have already invested in projects through the LIBOR fines. This new funding demonstrates our unwavering commitment to our armed forces community and will help transform thousands of lives across the UK."

(CD/IT)