13

Initial fraud response for Bounce Back Loan Scheme lacked appropriate in-house function.

Conclusion
The inadequacy of the Department’s initial fraud response on the Bounce Back Loan Scheme has been well documented, through our previous report28, and the most recent NAO report on this topic.29 This included the lack of initial liaison with the Cabinet Office, and the lack of an appropriate in-house counter fraud function.
Government Response

A response document is linked to this report, dated 27 June 2023. Response attribution to this conclusion has not been verified. Read the response document.

Source
Committee Public Accounts Committee
Inquiry BEIS Annual Report & Accounts 2021-22
Report Forty-Fifth Report - Department for Business, Energy & Industrial Strategy Annual Report and Accounts 2021–22 26 Apr 2023 HC 1254
View on Parliament website
Addressee Bodies
HM Treasury
Timeline
Recommendation age 3.4 yrs
Report published 26 Apr 2023