BEIS Annual Report & Accounts 2021-22

Public Accounts Committee Closed Inquiry
Opened: 8 Nov 2022 Closed: 27 Jun 2023 Parliament page
The Committee will take evidence from banks which have lent money as part of the Bounce Back Loan Scheme, and afterwards question senior officials at the Department for Business, Energy and Industrial Strategy on their annual report and accounts for 2021-22 , including the performance of COVID support schemes such … Read more
6 Recommendations
18 Conclusions
1 Report
3 Letters
Activity timeline 5 events
27 Jun
2023
Report published
26 Apr
2023
Report published
23 Jan
2023
Correspondence
22 Nov
2022
Correspondence
22 Nov
2022
Correspondence
Title HC No. Published Items Response
Forty-Fifth Report - Department for Business, Energy & Industria… HC 1254 26 Apr 2023 24 Responded
Recommendations & Conclusions
2 results
Clear
8 Conclusion Deferred
Forty-Fifth Report - Department fo…
High levels of unrecovered fraud and error found in first wave business grants.
The Department estimated fraud and error levels of £985 million were contained in the £11.7 billion grant funding provided for the first wave of business support grant schemes (Small Business Grant Fund; Retail Hospitality and Leisure Grant Fund; and Local … Read more
Government Response
The government agrees with the committee's observations but states that recovery of irregular payments for early grant schemes is largely unrealistic. It has initiated a review by a Non-Executive Director into ongoing assurance, reconciliation, and recovery activity, with a target conclusion by Summer/early Autumn 2023, but does not address the point about disaggregating fraud and error estimates.
HM Treasury
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9 Conclusion Deferred
Forty-Fifth Report - Department fo…
Delayed recovery of fraud and error in business grants risking further losses.
Of the £985 million estimate of fraud and error for the first wave of business support grant schemes, the Department has recovered £5.3 million through NATIS and local authorities.16 This represents 0.7% of the fraud and error estimate. The Department … Read more
Government Response
The government agrees with the committee's concern but states that recovery for many irregular payments is unrealistic due to various factors. It has initiated a review by a Non-Executive Director into assurance, reconciliation, and recovery activity, expected to conclude by Summer/early Autumn 2023.
HM Treasury
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Government Response AI assessment · 24 of 6 classified
Accepted 14
Accepted in Part 1
Acknowledged 4
Deferred 2
Not Addressed 1
Rejected 2
Total 6 recs + 18 conclusions
Correspondence 3 letters
23 Jan 2023 Correspondence from Sarah Munby, Permanent Under-Secretary of State, re update Annual Reposts and Accounts, dated 21 December 2022
Parliament page
22 Nov 2022 Correspondence from Sarah Munby, Permanent Under-Secretary of State, Department for Business, Energy & Industrial Strategy (BEIS), re follow up to the first report – BEIS Annual Reports and Accounts 2020-2021 - the First Report of Session 2022–23”, published on 18 May 2022, date 16 November 2022
Parliament page
22 Nov 2022 Correspondence from Sarah Munby, Permanent Under-Secretary of State, Department for Business, Energy & Industrial Strategy (BEIS), re follow up to the first report – BEIS Annual Reports and Accounts 2020-2021, date 16 November 2022
Parliament page