Public funding in the context of "Tax incentives"

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⭐ Core Definition: Public funding

A subsidy, subvention or government incentive is a type of government expenditure which redistributes from tax payers to individuals, households, or businesses.Subsidies take various forms, such as direct government expenditures, tax incentives, soft loans, price support, and government provision of goods and services. For instance, the government may distribute direct payment subsidies to individuals and households during an economic downturn in order to help its citizens pay their bills and to stimulate economic activity.

Although commonly extended from the government, the term subsidy can relate to any type of support – for example from NGOs, or international organizations. Subsidies come in various forms including: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, accelerated depreciation, rent rebates). Furthermore, they can be broad or narrow, legal or illegal, ethical or unethical. The most common forms of subsidies are those to the producer or the consumer.

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Public funding in the context of Channel 4

Channel 4 is a British free-to-air public broadcast television channel owned and operated by Channel Four Television Corporation. It is publicly owned but, unlike the BBC, it receives no public funding and is funded entirely by its commercial activities, including advertising. It began its transmission in 1982 and was established to provide a fourth television service in the United Kingdom. At the time, the only other channels were the licence-funded BBC1 and BBC2, and a single commercial broadcasting network, ITV.

Originally a subsidiary of the Independent Broadcasting Authority (IBA), the station is now owned and operated by Channel Four Television Corporation, a public corporation of the Department for Culture, Media and Sport, which was established in 1990 and came into operation in 1993. Until 2010, Channel 4 did not broadcast in Wales, but many of its programmes were re-broadcast there by the Welsh fourth channel S4C. In 2010, Channel 4 extended service into Wales and became a nationwide television channel. The network's headquarters are in London and Leeds, with creative hubs in Manchester, Glasgow and Bristol.

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Public funding in the context of Grant-in-aid

A grant-in-aid is money allocated from a central/state government to subnational governments to provide specific services or fund specific projects. Such funding is usually used when the government and the legislature decide that the recipient should be publicly funded but operate with reasonable independence from the state.

In the United Kingdom, most bodies in receipt of grants-in-aid are non-departmental public bodies.

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LINKED FROM (PARENTS)
← Channel 4 ← Grant-in-aid
LINKS TO (CHILDREN)
Government expenditure → Redistribution of income and wealth → Taxpayer → Tax incentives → Soft loan → Price support → NGOs → Tax break → Accelerated depreciation →