16
Department lacks complete overview and accurate data on industry support spending
Recommendation
The Department does not have a complete overview or accurate data on what it, and wider government, spends on supporting industry. The Department found it difficult to readily provide the NAO with a breakdown of its support for industry. It does not routinely categorise the composition of its support, for example by sector or support type, and it holds a limited understanding of initiatives delivered by other government departments and arms-length bodies and public entities such as the British Business Bank.33 We asked the Department how it could make decisions about the right kind and level of support to different sectors, if it does not know the current level and composition of its support. The Department did not clearly articulate why it lacked this information, instead noting that interventions to support industry were designed to address specific policy challenges. The Department told us that interventions under £20 million were considered by its grants delivery team, and interventions over this amount were considered by its Investment Committee using HM Treasury’s five principles.34 33 C&AG’s Report, paras 1.16-1.18 34 Qq 65-67 12 2 The forthcoming Industrial Strategy Trade-offs and transparency in decision-making
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
33rd Report - Supporting the UK’s priority industry sectors
25 Jun 2025
HC 1070
Addressee Bodies
HM Treasury
Timeline
Recommendation age
1.2 yr
Report published
25 Jun 2025