£1m for school cadets

27/06/2014The Telegraph

Bursary scheme will allocate money paid in fines by British banks caught up in the Libor rate-fixing scandal to state schools to help them offer thousands more children the chance to join military cadet forces.

State schools are to receive funding to help them offer thousands more children the chance to join military cadet forces, the Prime Minister will announce this week.

A £1 million bursary scheme will allocate money paid in fines by British banks caught up in the Libor rate-fixing scandal.

The scheme is designed to help state schools meet the costs of running combined cadet forces. The Government has already pledged almost £11 million to set up 100 units in schools by 2015. The extra money will help pay for running and staff costs, allowing schools to hire trained instructors. Pupils will also take part in expeditions and leadership training.

“Being a cadet is a fantastic opportunity that gives young people the skills they need to get on in life,” David Cameron said. “I want many more people to gain this type of experience no matter what their background.”

The £1 million will be matched by private sector contributions, with £300,000 already committed.