 In 1995 the Council decided to sell the Yard and its fleet as part of an economy measure.Subsequently a fundraising effort was carried out to retain the yard which raised £100,000 from public sources and £200,000 from the Heritage Lottery Fund.In 1996 the Norfolk Heritage Fleet Trust was established and took over the yard, continuing to encourage young people to use and sail on the yachts, as well as hiring them out for public use.