Cash boost for Air Ambulances


Published: Thursday 26th February 2015 by The News Editor

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Yorkshire Air Ambulance has been buoyed by news it will receive a grant of £250,000 in recognition of its good work.

It is one of 20 air ambulance charities nationwide to be awarded part of £5 million paid to the government in Libor fines.

The £250,000 injection will help Yorkshire Air Ambulance save even more lives across the region; increasing its availability, growing the types of activity it is capable of and improving overall patient care.

Other beneficiaries of the fund include the Great North Air Ambulance, Great Western Air Ambulance, MAGPAS, North West Air Ambulance Charity, Wales Air Ambulance and Scotland’s Charity Air Ambulance.

The Libor scandal involved a number of banking traders attempting to give the Libor – London Interbank Offered Rate – a key rate which underpins trillions of pounds worth of loans and financial contracts.

Chancellor George Osborne, who announced the £5 million pot as part of his autumn statement, says it is only right that funds taken from those who demonstrate the worst values are given to those who demonstrate the best.

The Association of Air Ambulances estimates that 800 lives could be saved each year because of this and other relief schemes.

Copyright Press Association 2015

Published: Thursday 26th February 2015 by The News Editor

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