Use Libor fine to invest £2.5m in Cornwall’s air ambulance – Dan Rogerson

The Liberal Democrats will use £2.5 million from a fine imposed on a bank for rigging the Libor rate to invest in Cornwall’s air ambulance service.


The extra investment could allow Cornwall Air Ambulance to invest in a second crew to keep their helicopters running concurrently and extend hours of operation up from the current 12 a day – although it is up to local groups how they spend the cash.

It is part of wider Liberal Democrat plans to divide £50m, from the £227m fine levied on Deutsche Bank, equally between Britain’s 20 air ambulance trusts.

From 1st April Cornwall Air Ambulance has also been able to apply for a VAT refund on all their search and rescue activities due to a change introduced by the Coalition Government.

North Cornwall’s Liberal Democrat candidate and Government Minister for Rural Affairs Dan Rogerson said:

“Cornwall Air Ambulance do an outstanding job in providing lifesaving support to the emergency services. As the country’s first dedicated helicopter emergency service, the charity has led the way and has been at the forefront of campaigning for a fair deal for air ambulance charities.

“This money from bank fines will give Cornwall Air Ambulance a much needed financial boost, enabling them to improve the incredible service they already off the Duchy.”

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