Funding announced for dedicated memorial to victims of the Tunisia attack

The Prime Minister has announced funding will be made available for a memorial dedicated to the victims of last week’s terrorist attack in Tunisia and a separate site of remembrance for all UK nationals who have been killed in terrorist atrocities overseas.

David Cameron also confirmed plans for a special Service for those caught up in the Tunisian atrocity to be held in the autumn.

The announcements come as the country prepares to remember the 52 victims, and hundreds of survivors, of the 7/7 London bombings.

There will be a wreath-laying ceremony at the memorial in Hyde Park and a national service of remembrance at St Paul’s Cathedral to mark the tenth anniversary.

The memorials will be funded by banking fines, which are allocated by Chancellor George Osborne. Mr Osborne decided that good causes should benefit from the misdemeanours of bankers, and that penalties levied by the Financial Conduct Authority should be reserved for such a purpose. More details will be announced in this week's Budget.

• Funds set aside for a dedicated memorial to victims of the Tunisia attack

• Special Service of Remembrance

• Separate national memorial for all UK victims of terrorism overseas to be created

Foreign Office minister Tobias Ellwood, whose brother Jonathan was killed in the Bali bombing of 2002, will continue to work closely with the families.

He has been tasked to ensure the Government does all it can to support their immediate needs and to discuss the longer-term plan for the memorial and remembrance service.