A groundbreaking housing development for Veterans has been unveiled in the capital funded by money raised from the popular Libor fines scheme.

The one bedroom homes are designed primarily as transitional housing for service leavers. The eight unique homes in south west London will help them to settle into civilian life or after a period of instability or unemployment and was opened by Lieutenant General Richard Nugee the Chief of Defence People.

Former chancellor George Osborne channeled a number of City fines to military-related good causes and changed the way these levies were used after a number of City scandals.

The public praised the move which has so far amassed hundreds of millions which will allow the Army Covenant Fund to hand out an estimated £10m every year for the next twenty five years.

The development at Parry Court, Morden, was commissioned by the UK’s top Veterans housing charity, the Haig Housing Trust, at a cost of £1.4m which was part of the £14.6m received from the Veterans Accommodation Fund. 

Haig Housing was one of the organisers of the hugely successful Poppies at The Tower installation which raised millions for Veterans charities and is the country’s leading charity for military housing.

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