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Privatisation

Privatisation is a process where institutions or other bodies are transferred from being owned by the state (or government) to being owned by private companies. Examples of privatisation in the education system include Academies and Free Schools which are run and owned by private companies or corporations that have significant control over them, even though they continue to be funded by the taxpayer through the government. There has also been an increase in the use of private providers of further and higher education.