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Bank fines pay for new childcare centre at RAF base
BANK fines are being used to pay for new children's facilities at the RAF base in Walters Ash.
RAF High Wycombe Childcare will receive £150,000 to convert an unused building into a childcare facility and play centre for children of service personnel providing term time after-school sessions and holiday activities.
The money comes from fines levied on banks for attempting to manipulate the London Interbank Offered Rate (LIBOR) benchmark.
Mr Lidington, who represents Walters Ash, Bradenham and Naphill said: "This is fantastic news. Our service families are required to make huge sacrifices on behalf of our country and I am delighted that the Government is recognising our local armed forces community in this way.
"It is right that the income generated from these bank fines is channelled into worthwhile causes and I am sure that this grant, along with the money that was invested locally earlier this year, will be put to excellent use."
The grant is the latest in a string of Government grants to service charities and comes on top of the £280,000 of fines revenue that the Government allocated to the Service Children Support Network in Buckinghamshire earlier this year.
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