Did you know that the Top 10 recipients of corporate welfare in England received 80 percent of all funds distributed within the region between 2004 and 2017, according to our Corporate Welfare Database?
It’s worth noting, though, that the largest recipients in England, Northern Rock and Bradford and Bingley, with £31.1bn and £23.7bn respectively, reflect bank bailouts following the financial crisis. For this reason, it’s useful to look at England’s corporate welfare landscape outside of finance as well.
Outside of finance, the corporate welfare landscape in England is dominated by communications and transport firms, with the exception of the DWP and Energy Technologies Institute. Together, these 10 captured half (49.8 percent) of all funds distributed in England outside the finance sector — a total of £16.8bn.
Royal Mail receives the most, at 33.2% of all funds distributed to England, exclusive of finance.
|Top 10 Recipients of Corporate Welfare in England (excluding finance)|
|Royal Mail PLC||£11,202,000,000|
|Energy Technologies Institute LLP||£1,100,000,000|
|Metronet Rail SSL Holdings Limited||£897,000,000|
|Post Office Limited||£814,000,000|
|London Overground Rail Operations Limited||£619,000,000|
|Department for Work and Pensions||£519,083,505|
|Merseyrail Services Holding Company Limited||£502,000,000|
|The Go-Ahead Group PLC||£361,524,142|