17
Department provided £260 million in grants and £786 million in loans to Post Office.
Conclusion
The 2023–24 Annual Report and Accounts show that the Department provided £260 million in grants and subsidies to the Post Office and had total borrowings of £786 million with the Department, made up as follows: 30 Type of Support Description Value Annual support Capital Grants £90m Annual support Subsidies to support £120m Horizon Inquiry & Compensation Schemes Annual support Subsidies to Post Office £50m Limited to support normal function Loan Limited Term Loan £45m Loan Working Capital Facility £741m Other contractual Funding for future £840m commitments Horizon Redress Scheme (estimated Settlements (Post Office value) Administered Schemes) 27 Q 16 28 Q 24 29 Q 22; DBT ARA 2023–24, p 154; Post Office Limited, Annual Report and Consolidated Financial Statements 2023/24, December 2024, pp 72-74, 86-91, 146-147 30 DBT ARA 2023–24, pp 103, 158, 176, 200, 207 12
Government Response
A response document is linked to this report, dated 18 September 2025. Response attribution to this conclusion has not been verified. Read the response document.
Source
Committee
Public Accounts Committee
Report
34th Report - Department for Business and Trade Annual Report and Accounts 2023-24
25 Jun 2025
HC 818
Addressee Bodies
HM Treasury
Timeline
Recommendation age
1.2 yr
Report published
25 Jun 2025