🌍 The Centre for Alternative Technology (CAT) in Machynlleth, Powys is on a mission to secure its future amid some financial hurdles! Despite a short-term funding gap, CAT is optimistic about stabilising its finances through a spirited fundraising appeal. They’ve been a hub of sustainable innovation for over half a century, offering top-notch education and research in renewable energy and environmental science. 🌱
In 2023/24, CAT brought in over £4m, with generous donations playing a big part. However, expenses slightly exceeded income by just over £200,000. But don’t worry, they’ve got a plan! CAT is focusing on bridging this temporary gap while looking forward to a promising new financial year filled with exciting grant-funded projects. 🎓
Their innovative Cynefin development project is also full steam ahead, with a £13.1m investment from the Mid Wales Growth project. This initiative will enhance learning facilities and reopen CAT as a visitor attraction. To make this happen, CAT aims to secure 48% match funding and feels confident about achieving it. 🏗️
While there are leadership changes with joint chief executives stepping down, the board is set to appoint an interim CEO to navigate through this transition smoothly. 💼
The work CAT does is highly valued, not just for Montgomeryshire, but for the entire UK. They play a crucial role in addressing the UK’s STEM skills shortage, reaching millions every year. MP Steve Witherden highlighted CAT’s pioneering efforts towards a sustainable future, calling it the “jewel in the crown” of Montgomeryshire. 🌟
Let’s support CAT as they continue to lead the way in sustainability education and innovation!