£1 million award from banking fines
The Children’s Air Ambulance has been awarded £1 million in the Chancellor’s Autumn Statement.
The money which comes from banking fines and was announced in the Commons on Wednesday afternoon.
It will go towards the service’s expansion plans which will see two new helicopters take to the skies next year.
In September the national transfer service for critically ill children signed a £32 million deal for two new AW169 helicopters and revealed plans to establish two new bases in the north and south of the country.
Andy Williamson, CEO of The Air Ambulance Service charity, which operates the national Children’s Air Ambulance, said: ‘’We are grateful for the generous allocation from the Libor fines that will be used to help more children across the UK.
‘’It comes at an exciting time for the Children’s Air Ambulance as we work towards expanding our vital service with two new helicopters next year.’’
The Libor fund comes from fines levied on the banking industry for manipulating the Libor rate.
Read all about our plans to double the size of our fleet here
The charity is a national service that flies critically ill children from local hospitals to specialist paediatric intensive care units. It is the first and only dedicated paediatric helicopter emergency transfer service in the country.
It is a sister service to Warwickshire & Northamptonshire Air Ambulance and Derbyshire, Leicestershire & Rutland Air Ambulance, which are all run by TAAS.