A charity supported by the murdered Labour MP Jo Cox, has been awarded £375,000 of money raised through Libor fines.

The Royal Voluntary Service was one of three charities to benefit from a memorial fund set up in memory of Cox (pictured) after her death in June.

Former chancellor, George Osborne said it was “right that funding from those in the banking industry who demonstrated the worst of values goes towards people who display the very best of British values”.

"Jo Cox dedicated her life to bringing people together and making a difference. She was an inspiration to people across the world and I am proud to give the Royal Voluntary Service this funding in her memory to continue their vital work," he said.

David McCullough, chief executive of Royal Voluntary Service, told Civil Society News today, the organisation was "very grateful for this generous gesture from the government of a donation of £375,000 in memory of Jo Cox’s dedication to bringing people together and making a difference".

"We are pleased to have been selected and are committed to improving the lives of older people throughout the country," he said. "This additional funding will help our 35,000 volunteers provide more opportunities for older people to get together and enjoy richer lives.”

Other charities to benefit from Cox’s memorial fund since her death, include Hope not Hate and the White Helmets. The fund has raised almost £1.5m to date.

Further charitable schemes to benefit from Osborne’s round of Libor fine donations this week, include the Aged Veterans Fund which was awarded £5m.

Some £2.25m will be used to fund trips to Normandy for D-Day veterans, while £1.9m will go to buildings for pre-school age children of SAS personnel.

A further £2.2m will fund recovery and well-being facilities for SBS personnel and £2m will excavate an HMS shipwreck from the Solent. £550,000 will be put towards flights to the Falklands for veterans and £100,000 will be put to helping wounded veterans climb Antarctica's highest mountain.