The world has seen significant change over the last three years and as a charity, like many others, we have felt the very real financial impact of Covid-19. This was a catalyst to take action to secure the ongoing financial security of the Charity in the face of reducing funding, post Covid.
The JCT management team took this time to consider the future of the Charity and developed a robust income and investment strategy and 5-year business plan which started with the creation of a Trading Company, Jurassic Coast Trust (Trading) Ltd.
This commercial company and social enterprise provides opportunities to generate income and ultimately profit to be reinvested into the parent Charity, enabling the expansion and progression of our charitable aims.
The Trading Company provides the freedom to innovate, be creative and become commercially competitive outside of the constraints of the Trust's charitable objectives, whilst retaining the charities values, integrity and ambitions.
The Trading Company is now active and from mid-2022, stakeholders will see a rebranding and repositioning of some of our work, to align to the operations of each organisation.
The Trading Company, whilst wholly owned by JCT (Charity), operates independently through Governance. The CEO of the Trust has responsibility for both organisations.
This is an exciting development for the Jurassic Coast Trust and will enable progression of key projects, which may otherwise be delayed due to funding constraints.
- Lucy Culkin, Jurassic Coast Trust CEO, September 2022
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