TOP MILITARY CHARITY OPENS HOMES FOR CHRISTMAS FOR VETERANS IN LONDON FUNDED BY LIBOR FINES

TOP MILITARY CHARITY OPENS HOMES FOR CHRISTMAS FOR VETERANS IN LONDON FUNDED BY LIBOR FINES
15 December 2017

A ground-breaking housing development for Veterans has been unveiled in the capital funded by money raised from the popular Libor fines scheme.

The one-bedroom homes are designed primarily as transitional housing for service leavers. The eight unique homes in south west London will help them to settle into civilian life or after a period of instability or unemployment and was opened by Lieutenant General Richard Nugee the Chief of Defence People.

Former chancellor George Osborne channelled a number of City fines to military-related good causes and changed the way these levies were used after a number of City scandals.

The public praised the move which has so far amassed hundreds of millions which will allow the Army Covenant Fund to hand out an estimated £10m every year for the next twenty-five years.

The development at Parry Court, Morden, was commissioned by the UK’s top Veterans housing charity, the Haig Housing Trust, at a cost of £1.4m which was part of the £14.6m received from the Veterans Accommodation Fund.

The site in Morden is also known as the Cafe Site because it's on the grounds of a disused cafe and warden’s house and will consist of eight one -bedroom houses. Situated in Zone 4, they have good transport links with both the Northern line and Thameslink close by.

The Trust’s Chief Executive Brigadier James Richardson said: “The need for Veterans’ housing is increasing and we are looking at ways to build or acquire more properties to help. Ideally, we would seek to do this nationally but we are constrained by the availability of sites. Using land we already own in Morden is the most sensible option for new homes and we now have plans to build a variety of additional homes on the estate for members of the ex-Service community including those who have been seriously injured.

Red Loft are proud to have been involved as development project managers as part of a broader consultancy with Haig.

For full press release see: http://www.haighousing.org.uk/news/news-datasheet/parry-court-opening


< Return to News List