I was thrilled recently to hear about the success of Giveacar - a social enterprise that collects unwanted vehicles and sends them for scrap and allocated 75% of the final scrap value to designated charities. The founder of Giveacar, Tom Chance was in my Economics classes just a few years ago before heading to Nottingham to read for an Economics degree. In November Tom was nominated as one of the Top 10 Future 100 Young Entrepreneurs for 2010.

Giveacar is a recycling scheme which allows people to dispose of their unwanted cars, old or new in an environmentally-friendly way and then donate the proceeds to charity. Giveacar arranges for end-of-life cars to be collected and taken to an Authorised Treatment Facility (ATF), where they are dismantled according to strict environmental codes of practice.

Here are some background articles:

Unwanted wheels improve fortunes for charities (Guardian) Bangers and cash - a charity boost (Evening Standard)