Party Funding

    Cards (3)

    • How Political Parties are funded?
      • Membership subscriptions from members.
      • Holding fundraising events.
      • Receiving donations from supporters.
      • Raising funds from wealthy individuals or banks.
      • Up to £2 million available in grants from the Electoral Commission.
    • Why Party funding is controversial?
      • Party funding favours larger parties; in 2015, Labour raised £51.2 million versus £3 million for the Green Party.
      • Puts smaller political parties at a loss.
      • Funding by donors and trade unions represents an unaccountable form of political influence.
      • Aspects of funding may well verge on corruption such as the 'Cash for Honours' scandal.
      • Steady decline in party membership may force parties to rely on unaccountable and influential donors.
    • Party Funding Statistics
      • From 2015-17, the Conservative Party received £11.3 million from prominent figures.
      • In the same period, Conservatives received £3.6 million from property investors.
      • One individual - hedge fund manager Angus Fraser - donated £1,1137,400 to the Conservative Party.
      • UNITE trade union donated over £657,702 to the Labour Party early in 2017.
      • At the same time, UNISON gave £376,242 to the Labour Party.
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