Public fund for remote area (7)
I believe the answer is:
outback
'remote area' is the definition.
(I've seen this before)
'public fund' is the wordplay.
'public' becomes 'out' (out can mean released to the public).
'fund' becomes 'back' (I've seen this in another clue).
'out'+'back'='OUTBACK'
'for' acts as a link.
(Other definitions for outback that I've seen before include "Remote land in Australia" , "Remote and sparsely populated parts of Australia" , "somewhere remote" , "remote region" , "uninhabited area" .)