Top 10 Recipients of Corporate Welfare

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?

Did you know that the top 10 recipients of corporate welfare in England received 80 percent of all funding between 2004 and 2017?

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.

Did you know that the top 10 recipients of corporate welfare in England, outside of finance, received half of all funds distributed between 2004 and 2017?

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
Abellio-Serco £434,885,705
FirstGroup PLC £385,300,514
The Go-Ahead Group PLC £361,524,142