Fleet News

EST seeks charitable status

The Energy Saving Trust is to become a social enterprise and will seek charitable status, as government funding will end in 2012.

The plan will see the incorporation of a new charitable parent company together with a wholly owned trading subsidiary, while retaining the current status in order to continue to manage substantial government funded activity.

EST chief executive Philip Sellwood said: "Reduction in public subsidy has come as absolutely no surprise which is why we have been planning for change.

"Even after the reduction in funding from the Department of Energy and Climate Change, our revenue will still be 75% of previous levels. We are ideally placed to continue in our success of winning long-term contracts post 2012 when our DECC grant funding ceases."

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee