The Department tracks its programme spending, grant expenditure and Business Group resource spending across sector teams but does not have processes to break this down by support type using existing systems. In 2023–24, the Department spent £790.9 million on business support grants, 62.5% of which was allocated to advanced manufacturing, 29.9% to energy, and 6.4% to pan-sector support. The Department’s Business Group reported spending £530.3 million on business support programmes. Of this, £250.1 million went to the Automotive Transformation Fund.31 The Department told us that its support for a sector was not just financial, and provided the financial services sector as an example, noting the main engagement with this sector is led by HM Treasury. The Department told us that to ensure the UK has an international advantage in the sector, it is not about financial support to banks, but rather ensuring that the regulatory environment, for example, is appropriate.32 27 Q 55 28 Q 56 29 C&AG’s Report, para 1.3 30 C&AG’s Report, case studies 1 and 4 31 C&AG’s Report, key facts, para 10 32 Q 63 11