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A Trading Fund is a UK government department, or an executive agency or part of the department, which has been established as such by means of a Trading Fund Order made under the Government Trading Funds Act 1973.
A trading fund can only be established with HM Treasury agreement. One may only be set up where more than 50 per cent of the trading fund's revenue will consist of receipts in respect of goods and services provided by the trading fund, and where the responsible Minister and the Treasury are satisfied that the setting up of the trading fund will lead to "improved efficiency and effectiveness in management of operations".
The significance of a trading fund is that it has standing authority under the 1973 Act to use its receipts to meet its outgoings. Some trading funds have, as their main function, the collection and supply of information to both public and private sectors; others have not.
List of Trading Funds
Date of establishment as Trading Fund is shown:
- Army Base Repair Organisation - April 2002
- Central Office of Information - 1 April 1991
- Companies House - 1 October 1991
- Defence Aviation Repair Agency - April 2001
- Defence Evaluation and Research Agency - 1 April 1993
- Defence Science and Technology Laboratory - July 2001
- Driver and Vehicle Licensing Agency - April 2004
- Driving Standards Agency - 1 April 1997
- Fire Service College - 1 April 1992
- Forensic Science Service - 1 April 1999
- HM Land Registry - 1 April 1993
- Medicines Control Agency - 1 April 1993
- Medicines and Healthcare Products Regulatory Agency - April 2003
- Meteorological Office - 1 April 1996
- NHS Estates - 1 April 1999
- OGCbuying.Solutions - April 1991
- Ordnance Survey - 1 April 1999
- Patent Office - 1 October 1991
- Queen Elizabeth II Conference Centre - 1 April 1997
- Registers of Scotland - 1 April 1996
- Royal Mint - 1 April 1975
- United Kingdom Hydrographic Office - 1 April 1996
- Vehicle and Operator Services Agency - April 2003
Wikipedia content modification information:
- This page was last modified on 20 March 2008, at 20:38.
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