17
Department lacks standardised approach for balancing metrics in industry support decisions
Conclusion
While its primary objective is economic growth, the Department uses a range of metrics to guide its work, some of which require trade-offs. Factors considered by the Department when designing support initiatives include GVA, net zero ambitions, and national security. The NAO found that the Department lacked a standardised approach to balance different metrics when making decisions to support industry. This can make it difficult for stakeholders to understand the rationale behind interventions; for the Department to demonstrate why it prioritised one intervention over another; and hampers its ability to evaluate the effectiveness of its interventions.35
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