Chancellor pledges £1million for GWAAC
Published on: 02 Jan 2015
CHANCELLOR George Osborne has pledged £1 million to run the Great Western Air Ambulance for a year.
The money will come from fines levied on banks over the Libor rate scanda,
Mr Osborne made the announcement in his Autumn Statement, in which he also announced VAT refunds to all air ambulance charities.
Until now, GWAAC has been funded entirely by public donations, including considerable support from people in the Downend area. It has recently taken delivery of a new state-of-the-art helicopter.
Mr Osborne said: “This funding comes from Libor fines levied on banks, and it’s only right that funds from those who demonstrated the worst values should go to those, like the brave air ambulance crews, who demonstrate the best of British values on a daily basis.”
GWAAC chief executive John Christensen said: “For the first time since I started GWAAC our future is looking financially secure. ”