trading fund

trading fund

A UK government department, or an accountable unit within a government department, created under the Government Trading Funds Act 1973 and the Government Trading Act 1990, which enable the responsible Minister to set up as a trading fund a body which performs a statutory and monopoly service whose fees are fixed by statute.

Trading funds provide a financing framework within which outgoings can be met without detailed cash flows passing through vote-accounting arrangements, which means there is little to no public scrutiny of the bodies created through trading funds.
References in periodicals archive ?
The Queen Elizabeth II Conference Centre (QEIICC) is a trading fund (executive agency) of the Department for Communities and Local Government (DCLG).
The Ports of Jersey Trading Fund will provide the funding.