The Lloyd's Register Educational Trust is an
independent charity operating throughout the world. It was
established in 2004 by the Lloyd's Register Group.
The Group's Constitution requires it to enhance the safety of life
and property at sea, on land and in the air. Further, it requires
the organisation to support public education within the
transportation industries, engineering and technological
disciplines. For many years, it has made funds available for this
purpose. However, in 2004, it decided to bring a sharper focus and
greater professionalism to its charitable work and set up the
Lloyd's Register Educational Trust (LRET) to fund advances in
transportation, science, engineering and technology education,
training, and research worldwide for the benefit of all.
The LRET is wholly funded by the Lloyd's Register Group.
However, once the Group has made a donation to the LRET, it has no
direct say how it is used. That decision is taken by the LRET's own
Board of Trustees, with guidance from its full-time Director,
Michael Franklin.
The LRET funds activities in four categories that form a
continuum of support for people from a very young age:
Fulfilling the requirements
Given that the objectives of the LRET are broad, there are a
number of criteria that have to be met for it to be able to
function effectively.
Firstly, as a general rule, the LRET cannot deal directly with
individuals in any of its four categories. It neither has the
resources nor, in a lot of cases, the expertise to make this
viable.
Rather it funds specialist organisations that run programmes
that involve individuals.
The LRET prefers to fund programmes of activity and work over a
three to five year timeframe, rather than one-off events or
projects, helping to establish and develop strong initiatives that
will become self-sufficient or be able to find alternative funding
after the initial period of support. Regardless of the impact of a
programme of work, LRET funding cannot be guaranteed to continue
indefinitely.
Very importantly, the LRET works to encourage organisations with
similar aims to work together and share best practice, rather than
to operate independently. In this way, it hopes to encourage the
efficient use of available resources both within a country and in
different regions of the world.
For more information
LRET support Organisations that meet the Lloyd's Register
Educational Trust's objectives and funding criteria and wish to
apply for support, should contact Michael Franklin for an initial
discussion.
Lloyd's Register Educational Trust
Registered charity no. 1111853
71 Fenchurch Street
London
EC3M 4BS, UK
Tel +44 (0)20 7709 9166
Email lret@lr.org
Director: Michael Franklin