Source · Select Committees · Treasury Committee
Recommendation 51
51
Paragraph: 231
Waiting until the operational transformation of Companies House is complete risks further delay beyond 2025...
Recommendation
Waiting until the operational transformation of Companies House is complete risks further delay beyond 2025 if, as with many public sector change and IT projects, 78 Economic Crime unexpected difficulties slow project delivery. Given the urgency of the problem, the Government should seek ways to implement as many reforms as possible sooner, before embedding a full transformation.
Paragraph Reference:
231
Government Response
Not Addressed
HM Government
Not Addressed
The government recognises the importance of delivering Companies House reform. HM Treasury has therefore provided BEIS with £63 million over the Spending Review period to facilitate reforms. This funding will ensure that the Economic Crime (Transparency and Enforcement) Act, and the legislation being introduced in the Third Session, can be operationalised as quickly as possible.