The key roles that determine a scheme as being public sector led are funding (the majority if not all funding being provided by the public sector), asset ownership by the public sector and promotion, which is likely to be almost exclusively undertaken by the public sector.
Key roles for Public Sector LedThe key roles that determine a scheme as being public sector led are funding (the majority if not all funding being provided by the public sector), asset ownership by the public sector and promotion, which is likely to be almost exclusively undertaken by the public sector. In this model it is not uncommon for the Local Authority to undertake most of the 13 roles identified. As a result it is important that the role of Regulation is undertaken where possible by an independent third party, otherwise the scheme has the potential to be a monopoly with limited recourse for customers. |
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