Independently audited accounts for the Green Quarry Concrete Fund will be published in full, annually.
Operating budgets will be managed within 4 categories:
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70% of raised funds will be used for the re-imbursement of specified ecological management services procured by qualifying quarries or kept in reserve for this purpose.
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15% of annual funds will be used for fund raising activities
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8% of annual funds will be used to support of operational processes
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7% of annual funds will be used on administrative costs
Underspending on the latter 3 categories will be combined and held in reserve for these purposes.
Note: Governance of Public funds may require a ring fenced distribution mechanism that precludes certain categories of expenditure and adherence to state aid rules.
Supporting Green Developments by contributing to the certified biodiversity enhancement of British quarries that supply Ready Mix Concrete aggregate to the UK construction industry such that it becomes the de facto, non-price premium standard by 2018.
Our Organisation
During its initial phase the Green Quarry Concrete Fund will be run as a community interest, not for profit subsidiary of Green Growth International Ltd or a Community Interest Company limited by guarantee.
Green Growth Int Ltd is a Sustainability consultancy located in Surrey England. Co Reg No 07447122 Reg address: Suite 3a Oriental Road Woking UK GU22 7AH www.greengrowthint.com