The United Kingdom Atomic Energy Authority (UKAEA) was established in 1954 as a statutory corporation to oversee and pioneer the development of nuclear energy within the United Kingdom. It is now an executive non-departmental public body within the Department of Trade and Industry.The Authority made pioneering developments in nuclear power, overseeing the peaceful development of nuclear technology and performing much scientific research.In the late 1980s, UKAEA was put into 'trading fund' mode, where it was required to act and account as though it were a commercial enterprise. In the 1990s the Authority was split, with the more commercial parts transferred into a public company AEA Technology, which was then floated on the London Stock Exchange, while the parts directly related to nuclear liabilities that would need decommissioning were retained.
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