WRAP is anticipating a continuing reduction in the central Government funding it receives, as it explores other sources of income.
According to the charity’s latest annual review, grant income from central Government has been confirmed at £12m for 2016-17 and is expected to drop thereafter to £9m – £10m per year.
This follows a previous reduction from £19.6m to £14.8m for 2015-16 following the expected reductions in the Defra programme. In 2013-14 it was £25.7m.
Formerly a Government body, the charity still gets most of its income from Whitehall but has almost doubled the funding from non-government sources over the past year.
It made £1.1m from commercial sources in 2015-16, up from £0.6m in 2014-15. This avenue of funding has only been available to the organisation since it became a charity in December 2014.
One example of such funding is the charity’s model for financing its next phase of the Courtauld Commitment.
“Courtauld 2025 has been launched on a new funding model with business signatories making a contribution based on size,” its report says. “Income from businesses in the form of ‘membership’ of voluntary agreements, donations and from the provision of value-adding advice is expected to grow.”
Grant income from EU programmes almost halved in the past year to £1.4m, compared with £2.7m the previous year.
It won EU funding bids for its Critical Raw Materials Recovery progamme and the European Clothing Action Plan last year, both of which it expects to “ramp up in 2016”.
Meanwhile, some 81 organisations in the UK electrical sector have joined a WRAP-led initiative, the Electrical and Electronic Equipment Sustainability Action Plan, to reduce the environmental impact of electrical products.
New signatories during the year included The Restart Project, the Scottish Institute for Remanufacturing, Tesco and Viridor.