# Motability

Motability is an Endowment / Foundation based in Harlow, United Kingdom.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Harlow, United Kingdom
- **Region:** Europe
- **Founded:** 1977
- **Assets under management:** 2.9B (Altss estimate)
- **Website:** https://motability.co.uk
- **LinkedIn:** linkedin.com/company/motability-scheme

## Regulatory record

- **Reports private funds:** No

## About

Motability was established in 1977 by Lord Sterling. The foundation runs the national Motability Scheme and distributes grants for accessible transport. Its endowment reached $2.9 billion. The endowment invests in listed equities, private credit, private equity and venture capital. Confirmed holdings include positions in Kongsberg Gruppen. Operations span the United Kingdom with direct ownership of commercial and industrial properties in London, Bristol, Edinburgh and Coalville. The commercial arm, Motability Operations Group plc, manages the vehicle fleet and reinsurance subsidiary. The foundation employs investment advisors and maintains relationships with four major UK banks as shareholders in the operations company. In September 2025 it sponsored the Labour Party Conference on accessible transport. King Charles III serves as Chief Patron. Motability maintains a distinct governance structure with the charitable foundation overseeing policy while the operations company executes leasing under bank ownership. This separation channels scheme surpluses into the endowment and grant programs.

## Sectors

- Infrastructure
- Financial Services

## Offices

- London
- Bristol
- Edinburgh
- Coalville

## People

- The Rt Hon the Lord Sterling of Plaistow GCVO CBE — Founder and Life President
- Nigel Fletcher — CEO of Motability Foundation
- Philip Coates — Chief Investment Officer
- Andrew Miller — CEO of Motability Operations Ltd.

## Questions

### Who runs investment decisions at Motability?

Philip Coates serves as Chief Investment Officer of the Motability Foundation. The endowment receives advice from Lane, Clarke and Peacock.

### How is Motability structured relative to its operations company?

The Motability Foundation oversees the scheme and endowment. Motability Operations Group plc executes leasing and is owned by Barclays, Lloyds, HSBC and NatWest.

### Does Motability participate in direct investments or only funds?

The endowment holds both listed equities and private assets. Direct property ownership includes sites in London, Bristol, Edinburgh and Coalville.

### Where does the underlying capital originate?

Surpluses from the Motability Scheme vehicle leasing operations flow to the endowment. The scheme is funded through government disability allowances.

## Related profiles

- [Peak Reinsurance Company Limited](https://altss.com/profile/peak-reinsurance-company-limited)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/motability

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology