Bank fines to boost veterans' project

The Prime Minister has announced that specialist accommodation in Colchester is one of eight projects to be part-funded by fines imposed on banks

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Prime Minister announces funding for Colchester veterans' accommodation

David Cameron. Credit: PA

The Prime Minister has announced that specialist accommodation in Colchester is one of eight projects to be part-funded by fines imposed on banks.

The money will go towards helping armed forces personnel who have been wounded or injured.

65 units of temporary, supported and independent accommodation in Colchester will get £6 million.

"Our Armed Forces make huge sacrifices for the nation and it is right that all of us recognise that sacrifice - that is why this government enshrined the Armed Forces Covenant in law.

One of the greatest worries for our troops when they are wounded or injured is how they and their families will continue with daily life.

We should do all we can to take away those worries by providing them with the specialist help and support they need to continue to live their lives and these projects will help to deliver that."

– David Cameron
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