Trading fund: Difference between revisions
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imported>Doug Williamson (Create page. Source: UK government webpage https://www.legislation.gov.uk/ukpga/1973/63) |
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[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Revision as of 01:42, 14 June 2021
1. Public sector - UK government.
In the public sector, a trading fund is a structure established with the intention of allowing an agency, department, or part of a department to:
- Enjoy a degree of independence and commercial discipline, for example by retaining surpluses for future use.
- Reduce its dependency on repeated reapplications for central funds.
- Thereby improve the efficiency and effectiveness of the provision of public services.
Examples in the UK include Companies House, the Crown Commercial Service and HM Land Registry.
2. Public sector - other governments.
Similar structures in other jurisdictions.
