Chairman David Moorhouse CBE said the strong result allowed the group to increase its donation to the Lloyd’s Register Educational Trust (LRET), a wholly independent charity whose sole benefactor is the group, to £10 million for the 2010/11 fiscal year.
“The group’s constitution requires us to secure for the benefit of others ‘the advancement of education’ within the industries we serve and other engineering and science-led disciplines,” he said. “The LRET has grown in scale and stature to establish itself not only as a giver but as a participating charity and, with our strong support, we expect it to continue to help shape and improve the world’s engineering and science-based academic communities to the benefit of all.”
