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The Department is responsible for government’s business support grant schemes which have has provided local...
Conclusion
The Department is responsible for government’s business support grant schemes which have has provided local authorities with £25 billion of COVID-19 grant funding to allocate to eligible businesses since March 2020. Furthermore, the Department provided more than £38 billion for the Bounce Back Loans Scheme, operated by the British Business Bank through commercial lenders, since May 2020.35
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
Addressee Bodies
HM Treasury
Timeline
Recommendation age
3.4 yrs
Report published
26 Apr 2023