It has emerged that Naomi House had £5.7m invested in one of the troubled Icelandic banks. Steve Brine says all eyes are now on Government.
It has emerged that Naomi House had £5.7m invested in one of the troubled Icelandic banks. Steve Brine says all eyes are now on Government.
Naomi House in Winchester said the money was deposited with Kaupthing Singer and Friedlander.
The hospice needs £2.5m every year to provide 24-hour care but said it would still open its new £12m hospice for over 18s, but would be "stretched". It has contacted the government to clarify whether the sum is protected supported by local politicians.
"This situation does leave a significant gap in our financial reserves at this immediate time”, said Khalid Aziz; the Chairman of the Trust which runs NH. "However, we are still able to move forward with our plans to open jacksplace@naomihouse, the new hospice for young people, but we will be stretched to do so."
Prospective Winchester MP Steve Brine, who will attend the laying of the foundation stone on Monday (13th October) for Jacks Place at Naomi House, said; “It is not clear if some or all of the monies deposited on behalf of Naomi House will be secure. Nor is it clear if these charitable funds will be protected by the Government under its compensation scheme.
"I have spoken this evening to Mark Hoban, MP for Fareham and Shadow Financial Secretary to the Treasury, to seek his assistance in clarifying the Government's position and ensure that the importance of protecting the savings of charities like Naomi House is understood by the Treasury. I am going to Naomi House in 3 days time for the launch of their Jack's Place project and hope to bring the team there some good news."
Visit NH online www.naomihouse.org.uk