Advancing education and research

An important part of our mission is the advancement of technical education. For many years, the Lloyd’s Register Group has made a considerable financial investment in engineering education and developmental research, especially in the marine field.

An important part of our mission is the advancement of technical education. For many years, the Lloyd’s Register Group has made a considerable financial investment in engineering education and developmental research, especially in the marine field.

In 2004 we set up a separate independent charity, the Lloyd’s Register Educational Trust (LRET). Five years later, it has become an important force around the globe and it has awarded over £10 million in grants, with another £13 million currently committed over the next five years. Our largest donations, £9.0 million in 2008/09, are made to LRET. This UK registered charity has objectives aligned to our mission and helps Lloyd’s Register to meet one of its charitable objectives.

In addition to the funding given to the LRET, we contribute to both safety and public education through a range of other activities. We make our intellectual capital – our highly qualified researchers and engineers – accessible to academics, students and professionals by making conference papers, publications and the results of some of our research available to everyone.

We also work in association with other bodies to raise awareness of safety and advance education. One key area we are investigating is ways we can help with the issues of climate change mitigation and sustainability.