“A great deal of work remains to be done to lift the veterans most affected by the ban from the poverty inflicted upon them after the loss of careers.

“Too many face crippling debt, poor housing, social isolation and live with poor health and wellbeing.

“2024 must be the year in which all 49 of Lord Etherton’s recommendations for reparation are delivered.”

Veterans Minister Johnny Mercer said he was “proud” of LGBT veterans and “pleased that Fighting with Pride will help to deliver a memorial to honour them”.

“We are committed to delivering on the recommendations made by Lord Etherton in his Independent review, at pace, and this memorial will take us one step closer to doing so,” he said.

A consultation will begin in “the coming weeks” and the memorial is expected to be unveiled in May 2025.

Details of how compensation will be paid and to how much each person will be entitled are yet to be released.

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