Well this is the press release from British Waterways, but what are the longer term implications for canal boat holidays?
  British Waterways welcomes the UK Government’s announcement today  (14/10/10) of its intention to transfer British Waterways’ inland  waterways in England and Wales into a new charitable body.  The move,  promoted by British Waterways for the last 18 months, will be the  biggest shake up of the waterways since nationalisation in 1948.  It  will attract new investment, secure jobs and give the public greater  involvement in the running of canals and rivers.
  The announcement by the Cabinet Office that British Waterways will be  replaced with a new civil society body builds on recommendations by  British Waterways for the establishment of a ‘national trust’ for the  waterways, as waterway minister, Richard Benyon MP, explains:
     Waterways  Minister, Richard Benyon said, "Our waterways are a cherished feature  of the British landscape and a source of joy to many. Transferring  British Waterways from Government to a charitable body will give users  of the waterways a greater say in their future management and help to  ensure they remain a wonderful part of our natural and cultural heritage  of value to society and the economy. 
    "This change reflects the confidence we have that the engagement of  local communities and interest groups will ensure the success of this  transfer to civil society, building on the good work of British  Waterways and countless waterways enthusiasts. It’s a great example of  Government giving power back to the people."
    BW  have been promoting a move to charitable status for more than a year  saying that it will attract new investment, secure jobs and give greater  involvement in the running of canals and rivers to the public.
    BW  chairman, Tony Hales,  welcomed the announcement saying, "This is  excellent news and something we have been urging all political parties  to support since last year". 
    The Government intends to have the new body up and running by April 2012 but no decision has been made yet about including the Environment Agency navigations  or the Scottish canals in the new body.
    So the government has announced a BW move to charity status by 2012. The Cabinet Office announced today that British Waterways will  be replaced with a new civil society — as recommended by BW — to become in effect a 'national trust' for the waterways.
   BW cares for 2,200 miles of historic canals, rivers and docks in  England, Scotland and Wales.  It funds its work through a combination of  commercial income from property and licences, Government and third  party grants, and partnerships with a broad range of public, private and  voluntary sector partners.
    Since May 2009, BW has been calling for the creation of a new  ‘national trust’ for the waterways as a way of encouraging greater  public engagement and creating new funding opportunities.