Old cars raise £150,000 for charity

A green-minded entrepreneur has raised £150,000 for charity by recycling cars that people do not use anymore.

Tom Chance, a 23-year-old graduate from Nottingham University, took inspiration from similar projects in the US and set up his own business in January.

His organisation allows people to get rid of their cars without causing environmental damage and helps bring in money for a selected charity.

The company currently has four employees and operates all over the country. A 20% administration fee is taken to help run the office.

Until now, the firm has processed 1,500 cars for salvage or scrap and it has donated to charities like Cancer Research, which received £35,000 from the scheme.

Mr Chance who is from Wandsworth, south London, said: "I'm interested in green matters and the environment but the driving force was to raise money for good causes. It just seemed crazy that no charity was involved in recycling cars.

"We act as the intermediary between the customer and the largest nationwide car recycling network and co-ordinate the donation.

"People ring us up, we arrange for the car to be collected and then, depending on what state it is in, it is either sold at auction or disposed of at an authorised treatment facility.

"Giveacar receives the donation and the customer chooses the charity they want to give the money to."

Natalie Brownless, a volunteer manager for Cancer Research, said: "As the saying goes: 'One man's trash is another man's treasure' and Tom has come up with a great, innovative way of taking something people don't want and turning it into money for our life-saving research work.

"We're delighted that many of the people who give their car to Tom choose to then donate the proceeds to Cancer Research UK."

Copyright © Press Association 2010