David Mowat – 2014 Parliamentary Question to the Ministry of Defence

The below Parliamentary question was asked by David Mowat on 2014-04-25.

To ask the Secretary of State for Defence, what steps his Department takes to audit or monitor the outcomes of successful applications to the Armed Forces Covenant (Libor) Fund.

Anna Soubry

The Ministry of Defence administers the £35 million LIBOR Fund on behalf of the Cabinet Office-led Covenant Reference Group. Successful projects are funded on the basis of a standard set of terms and conditions plus additional measures as appropriate. Those who receive funding are required to produce regular monitoring reports, and to retain financial data for audit purposes.