A1 Finance: Sources Of Finance

Public Sector VS Private sector
The private sector is made up of businesses or corporations that are owned by people independently. This can include such things like, local small restaurants, shopping centres or small businesses. To make a profit as a business in the private sector the must offer desirable products or services, or products and services that are vital to us. There is a lot of competition within the private sector. Hence why when businesses compete for the same profit, prices go down. For example, if two shops such as foot locker and foot asylum are selling the same product, such as a popular trainer. One store won’t be able to sell it for double the price as the other store as they won’t make any profit, therefore prices go up and down in competition for the most sales. Businesses in the private sector are aware that if they offer poor, not up to standard service they will not make any profit and therefore inevitably go out of business.

However, businesses within the public sector are not supported by their own profits therefore they have no reason to compete. Instead, unlike businesses in the private sector they are supported by tax funds. So even if we don’t want or particularly need anything within the services of the private sector we still fund the continuation of it. This also therefore implies that services in the public sector usually cost more or/and people receive poorer services.


Which are the charitable and not-for-profit organisations?
·         The welcome trust (a charitable foundation whose aim is to improve the health of humans and animals.)
·         Creative Europe desk UK
·         The UK Charity For Cinema (CTBF)
Which are the publicly owned companies that are publicly funded are?
·         British film institute (BFI)
Which are the publicly owned companies that are commercially funded?
·         Channel 4
Which are the organisations provide funding for feature films?
·         BBC Films
·         Northern Island Screen
Which Specialise In Crowd Funding?
·         Indiegogo
·         Kickstarter

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