Chancellor George Osborne has pledged £250,000 to the Coldstream Guards Charitable Trust, after visiting a group of Guards cycling 250 miles to raise money for wounded service personnel earlier this month. The Chancellor personally promised the £250,000 donation, which will be paid from the more than £100m of Libor fines which were imposed on banks for attempted market manipulation .
Many of the 120 Coldstream Guards that took part in the three-day cycle ride from London to Bennecourt in France are just back from their final deployment in Afghanistan. They are raising money for the Trust to support wounded soldiers and families.
Osborne said: “The Coldstream Guards are true British heroes. I was honoured to give the send-off to their big charity bicycle ride to raise money for their wounded colleagues and their bereaved families. I hope this donation helps them reach their goal.”