We are delighted to present our Corporate Strategy for the fiscal period of 2023-2024.
Entrust has been the responsible body regulating the Landfill Communities Fund (LCF) since its establishment in 1996. In undertaking this role, Entrust:
- Mitigates the risk of potential financial losses to the Exchequer by providing HM Revenue & Customs (HMRC) with independent assurance that LCF funds are spent in strict accordance with the necessary regulations; and
- Adhering to the terms outlined in the Entrust/HMRC Terms of Approval (TOA); ensuring that we lend our full support to HMRC in the regulation of the Fund and in achieving the annual objectives and Key Performance Indicators (KPIs) set by HMRC.
As a modern and transparent regulator, we remain committed to our 'coaching to compliance' ethos; ensuring that EBs have all the tools they need to meet their statutory obligations, and to help them achieve their goals in supporting local communities and the environment. Accordingly, we actively seek feedback from EBs and record all comments and suggestions in our Stakeholder database. This invaluable input helps us to continuously improve our services and ensure that our guidance is clear, consistent, and easily understood by everyone.
Looking to the future, we’ve developed an Economic, Environmental, Community, Impact Model (ECEIM) to gain a better sense of how the scheme delivers value on the ground. By working alongside EBs, we expect to improve data capture and track metrics that will provide the government and other stakeholders with insights into the impact, value for money, and effectiveness of the LCF.
To address the challenges EBs encounter when fostering capacity within local and hard-to-reach communities, as well as delivering innovative projects alligned with government policies, we launched a new virtual forum in 2022/2023, which functions as a hub for EBs to share best practices and enhance their endeavors. In 2023/2024, we aim to further refine and expand this forum to cater more effectively to the sector's needs.
We also regard data protection and cyber security as integral pillars of our business continuity and we are committed to maintaining compliance with all data protection laws, as well as continuing to execute our multi-layered cyber security strategy.
And finally, as we move into the 2022/2023 fiscal period, we look forward to collaborating with all our stakeholders to ensure the compliant use of LCF funds on projects that benefit both local communities and the environment.
Our summary document provides a helpful overview of our plans and agreed KPIs for the forthcoming year. We invite you to read the full document for a more detailed view of our overall strategy.