Political parties’ latest donations and borrowing figures published
Eight political parties registered in Great Britain reported accepting a total of £20,326,862 in donations between 1 October and 31 December 2014, according to new figures published by the Electoral Commission, the independent party funding watchdog.
This quarter saw political parties accept over £5 million more than in the previous quarter of 2014 and £10 million more than the same quarter in 2013.
Overall, in 2014 the total amount in donations and loans accepted by political parties was £65.7 million. In comparison, in 2013, the total amount accepted by political parties was £35.8 million
Also for comparison, during the final quarter of 2009, in the run up to the 2010 UK Parliamentary general elections, the total amount of donations to political parties stood at £17,419,277.
The five political parties to report the most in donations in the final quarter of 2014 were:
- Conservative Party – £8,345,687
- Labour Party – £7,163,988
- Liberal Democrats - £3,038,500
- UK Independence Party (UKIP) - £1,505,055
- Green Party - £248,520
In addition to these donations, during the fourth quarter of 2014, six parties accepted £3,834,816 from public funds.
The value of loans to political parties as at 31 December 2014 stood at £12,981,581.
This is a decrease of £1,263,082 compared to the previous quarter where the value of loans stood at £14,244,663.
A summary of donations and loans reported in the fourth quarter of 2014, including the top donors, is available here: http://www.electoralcommission.org.uk/__data/assets/pdf_file/0003/182235/Q4-2014-donations-and-loans-summary-document.pdf
Full details of donations and loans are available on our registers at: https://pefonline.electoralcommission.org.uk/search/searchintro.aspx
Full analysis and breakdown of the figures for quarter four 2014 is available at: www.electoralcommission.org.uk/find-information-by-subject/political-parties-campaigning-and-donations/donations-and-loans-to-political-parties/quarterly-donations-and-loans
For further information contact Megan Phillips in the Electoral Commission press office on 020 7271 0714/out of office hours 07789 920 414 or firstname.lastname@example.org
Notes to editors
- The Electoral Commission is an independent body set up by the UK Parliament. Our aim is integrity and public confidence in the UK’s democratic process. We regulate party and election finance and set standards for well-run elections and are responsible for the conduct and regulations of referendums held under the Political Parties, Elections and Referendums Act (2000).
- The Political Parties, Elections and Referendums Act 2000 (PPERA) requires registered parties to report cash and non-cash donations and borrowing on a quarterly basis to the Electoral Commission. Political parties must report all donations and borrowing over £7,500 to the central party, or over £1,500 to an accounting unit, to the Electoral Commission. This includes aggregates of donations and loans from the same source.
- As the parties only report donations and loans over these thresholds, the figures do not include all donations and loans to political parties. Donations and loans under these thresholds are recorded in political parties’ annual Statement of Accounts. To view these accounts, visit our register.
- Public funds are donations from the House of Commons, the House of Lords, the Scottish Parliament and the Electoral Commission. ‘Short’ and ‘Cranborne’ grants are available to parties in opposition in the House of Commons or House of Lords respectively.
- Some donations appear on the register as being from the Electoral Commission. These are Policy Development Grants, which were established by the Political Parties, Elections and Referendums Act 2000 for parties represented in the Commons by two or more sitting members. The grants are intended to assist parties in developing the policies that they will present in an election manifesto. The legislation provides the total sum of £2 million annually for this purpose. Policy Development Grants became reportable as donations for the first time in quarter three of 2006 as a result of the Electoral Administration Act 2006.
- There were 366 registered political parties in Great Britain at the end of the quarter. 82 were required to submit their quarterly donation returns and 68 to submit borrowing information within the deadline. The remaining political parties were exempt because they have previously submitted four consecutive nil returns.
- The figures reported for quarterly donations and borrowing have been rounded to the nearest £. Exact figures are available on our website