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Shareholder executive

Shareholder executive

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The Shareholder Executive is the body within the British Government responsible for managing the government's financial interest in a range of public companies. Originally established within the Cabinet Office, it has since 2004 been part of the Department for Business
Department for Business, Innovation and Skills
The Department for Business, Innovation and Skills is a ministerial department of the United Kingdom Government created on 5 June 2009 by the merger of the Department for Innovation, Universities and Skills and the Department for Business, Enterprise and Regulatory Reform .-Ministers:The BIS...

 (and its predecessor the Department of Trade and Industry). It is staffed by civil servants, many of whom are corporate finance professionals with private sector experience. Since 18 April 2008, its Chief Executive
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

 has been Stephen Lovegrove
Stephen Lovegrove
Stephen Augustus Lovegrove is an English civil servant and presently the Chief Executive of the Shareholder Executive .-Early years:...

.

The Shareholder Executive currently manages a portfolio of 28 businesses, with a combined turnover of around £20 billion. It either advises ministers directly (‘directly managed’) or advises shareholder teams in shareholding departments (‘advisory’).

The National Audit Office
National Audit Office (United Kingdom)
The National Audit Office is an independent Parliamentary body in the United Kingdom which is responsible for auditing central government departments, government agencies and non-departmental public bodies...

 in 2007 published a report into the Shareholder Executive. This was broadly positive but had some misgivings about the location of the Executive in the Department of Trade and Industry.

The government's shares in UK banks are managed by UK Financial Investments Limited
UK Financial Investments Limited
UK Financial Investments Ltd is a company set up in November 2008 by the UK Government to manage its shareholding in banks subscribing to its recapitalisation fund. They include Lloyds Banking Group , Royal Bank of Scotland Group and Northern Rock...

.

In partnership with the Department for Business, Innovation and Skills
Department for Business, Innovation and Skills
The Department for Business, Innovation and Skills is a ministerial department of the United Kingdom Government created on 5 June 2009 by the merger of the Department for Innovation, Universities and Skills and the Department for Business, Enterprise and Regulatory Reform .-Ministers:The BIS...

 

  • British Nuclear Fuels
    BNFL
    British Nuclear Fuels Limited was a nuclear energy and fuels company owned by the UK Government. It was a former manufacturer and transporter of nuclear fuel , ran reactors, generated and sold electricity, reprocessed and managed spent fuel , and decommissioned nuclear plants and other similar...

  • Export Credits Guarantee Department
    Export Credits Guarantee Department
    The Export Credits Guarantee Department is the United Kingdom's Export Credit Agency . It reports through to the Secretary of State for Business, Innovation and Skills. ECGD derives its powers from the 1991 Export and Investment Guarantees Act and undertakes its activities in accordance with a...

  • Land Registry
    HM Land Registry
    Land Registry is a non-ministerial government department and executive agency of the Government of the United Kingdom. It was created in 1862 to register the ownership of land and property in England and Wales...

  • Met Office
    Met Office
    The Met Office , is the United Kingdom's national weather service, and a trading fund of the Department for Business, Innovation and Skills...

  • Ordnance Survey
    Ordnance Survey
    Ordnance Survey , an executive agency and non-ministerial government department of the Government of the United Kingdom, is the national mapping agency for Great Britain, producing maps of Great Britain , and one of the world's largest producers of maps.The name reflects its creation together with...

  • Post Office
  • Royal Mail
    Royal Mail
    Royal Mail is the government-owned postal service in the United Kingdom. Royal Mail Holdings plc owns Royal Mail Group Limited, which in turn operates the brands Royal Mail and Parcelforce Worldwide...

  • UK Atomic Energy Authority
    United Kingdom Atomic Energy Authority
    The United Kingdom Atomic Energy Authority is a UK government research organisation responsible for the development of nuclear fusion power. It is an executive non-departmental public body of the Department for Business, Innovation and Skills and was formerly chaired by Lady Barbara Judge CBE...


In partnership with the Department of Energy and Climate Change
Department of Energy and Climate Change
The Department of Energy and Climate Change is a British government department created on 3 October 2008 by Prime Minister Gordon Brown to take over some of the functions of the Department for Business, Enterprise and Regulatory Reform and Department for Environment, Food and Rural Affairs...

 

  • National Nuclear Laboratory
    National Nuclear Laboratory
    The National Nuclear Laboratory is a UK government-owned, commercially operated nuclear services technology provider covering the whole of the nuclear fuel cycle. It is fully customer-funded and operates at six locations in the United Kingdom...

  • Nuclear Decommissioning Authority
    Nuclear Decommissioning Authority
    The Nuclear Decommissioning Authority is a non-departmental public body of the United Kingdom formed by the Energy Act 2004. It came into existence in late 2004, and took on its main functions on 1 April 2005...

  • Nuclear Liabilities Fund
    Nuclear Liabilities Fund
    The Nuclear Liabilities Fund is a fund of the UK Government to provide arrangements for funding certain long-term costs for the decommissioning of eight nuclear power stations formerly owned by British Energy...

  • Urenco
    Urenco Group
    The URENCO Group is a nuclear fuel company operating several uranium enrichment plants in Germany, Netherlands, the United Kingdom, and the United States. It supplies nuclear power stations in about 15 countries, and has a 25% share of the global market for enrichment services...


In partnership with the Department for International Development
Department for International Development
The Department For International Development is a United Kingdom government department with a Cabinet Minister in charge. It was separated from the Foreign and Commonwealth Office in 1997. The goal of the department is "to promote sustainable development and eliminate world poverty". The current...

 

  • Actis

In partnership with the Department for Work and Pensions
Department for Work and Pensions
The Department for Work and Pensions is the largest government department in the United Kingdom, created on June 8, 2001 from the merger of the employment part of the Department for Education and Employment and the Department of Social Security and headed by the Secretary of State for Work and...

 

  • Working Links
    Working Links (Employment) Ltd
    Working Links Ltd, commonly known as Working Links, is a public, private and voluntary company, bringing together private sector drive, public sector ethos and voluntary sector ethics....


In partnership with the Department for the Environment, Food and Rural Affairs 

  • British Waterways
    British Waterways
    British Waterways is a statutory corporation wholly owned by the government of the United Kingdom, serving as the navigation authority in England, Scotland and Wales for the vast majority of the canals as well as a number of rivers and docks...

  • Covent Garden Market Authority
    New Covent Garden Market
    'New Covent Garden Market' is the largest wholesale fruit, vegetable and flower market in the UK. Located in Nine Elms between Vauxhall and Battersea, South West London, the Market covers a site of 57 acres and is home to approximately 200 fruit, vegetable and flower companies.The Market serves...


In partnership with the Department for International Development
Department for International Development
The Department For International Development is a United Kingdom government department with a Cabinet Minister in charge. It was separated from the Foreign and Commonwealth Office in 1997. The goal of the department is "to promote sustainable development and eliminate world poverty". The current...

 

  • CDC Group
    Commonwealth Development Corporation
    The Commonwealth Development Corporation, now known as CDC Group plc, is a British development organisation owned by the UK Government...


In partnership with the Ministry of Defence
Ministry of Defence (United Kingdom)
The Ministry of Defence is the United Kingdom government department responsible for implementation of government defence policy and is the headquarters of the British Armed Forces....

 

  • Defence Science and Technology Laboratory
  • Defence Support Group
    Defence Support Group
    The Defence Support Group is an executive agency and wholly owned trading fund of the Ministry of Defence. It was established on 1 April 2008 by the merger of Defence Aviation Repair Agency and the Army Base Repair Organisation. It was created under The Defence Support Group Trading Fund Order...

  • UK Hydrographic Office
    United Kingdom Hydrographic Office
    The United Kingdom Hydrographic Office is an organisation within the UK government responsible for providing navigational and other hydrographic information for national, civil and defence requirements...


In partnership with the Department for Communities and Local Government
Department for Communities and Local Government
The Department for Communities and Local Government is the UK Government department for communities and local government in England. It was established in May 2006 and is the successor to the Office of the Deputy Prime Minister, established in 2001...

 

  • Fire Service College
    Fire Service College
    The Fire Service College is responsible for providing leadership, management and advanced operational training courses for senior fire officers from the UK and foreign fire authorities. It is located at Moreton-in-Marsh in Gloucestershire, England...

  • Queen Elizabeth II Conference Centre
    Queen Elizabeth II Conference Centre
    The Queen Elizabeth II Conference Centre is a conference centre in the City of Westminster, London. It is located in the heart of the city, a minute's walk from the Palace of Westminster, seat of the United Kingdom's Parliament...


Former companies

  • QinetiQ
    QinetiQ
    Qinetiq is a British global defence technology company, formed from the greater part of the former UK government agency, Defence Evaluation and Research Agency , when it was split up in June 2001...

  • British Energy
    British Energy
    British Energy was the UK's largest electricity generation company by volume, before being taken over by Électricité de France in 2009. British Energy operated eight former UK state-owned nuclear power stations and one coal fired power station....

  • Northern Rock
    Northern Rock
    Northern Rock plc is a British bank, best known for becoming the first bank in 150 years to suffer a bank run after having had to approach the Bank of England for a loan facility, to replace money market funding, during the credit crisis in 2007.  Having failed to find a commercial buyer for...

  • Northern Rock (Asset Management)
    Northern Rock (Asset Management)
    Northern Rock plc is a British asset holding and management company which was split away from the Northern Rock bank in 2010. It is currently under public ownership, due to the bank's nationalisation in 2008...

  • Bradford & Bingley
    Bradford & Bingley
    Bradford & Bingley plc is a British bank with headquarters in the West Yorkshire town of Bingley. In 2008, partly due to the credit crunch, the bank was nationalised and in effect split into two parts; the mortgage book remained with the now publicly owned Bradford & Bingley plc, and the deposits...

  • Army Base Repair Organisation
    Army Base Repair Organisation
    The Army Base Repair Organisation was an executive agency which reported to the United Kingdom's Ministry of Defence. It provided engineering, repair and re-manufacturing services to the British Armed Forces and also to the police and some local councils...

  • Defence Aviation Repair Agency
    Defence Aviation Repair Agency
    The Defence Aviation Repair Agency, better known as DARA, was an executive agency of the United Kingdom Ministry of Defence, responsible for the maintenance and repair of Royal Air Force, Army and the Royal Navy's aircraft...

  • Partnerships UK
    Partnerships UK
    Parnerships UK was an organisation responsible for furthering public-private partnerships in the United Kingdom.-Origins:In July 1997 a private finance initiative taskforce was established within the Treasury to provide central co-ordination for the roll-out of PFI...

  • The Tote
    The Tote
    The Tote, formerly the Horserace Totalisator Board, is a British bookmaker with head offices in Wigan. It was owned from its formation in 1928 by the UK Government but was sold to Betfred in July 2011. Under the brand totesport the Tote has 514 high street betting shops, outlets on Britain's 60...