Select Committee · Public Accounts Committee

BEIS Annual Report & Accounts 2021-22

Status: Closed Opened: 8 Nov 2022 Closed: 27 Jun 2023 6 recommendations 18 conclusions 1 report

The Committee will take evidence from banks which have lent money as part of the Bounce Back Loan Scheme, and afterwards question senior officials at the Department for Business, Energy and Industrial Strategy on their annual report and accounts for 2021-22 , including the performance of COVID support schemes such as the Bounce Back loans …

Reports

1 report

Title	HC No.	Published	Items	Response
Forty-Fifth Report - Department for Business, Energy & Indu…	HC 1254	26 Apr 2023	24	Responded

Recommendations & Conclusions

1 item

16 Recommendation Forty-Fifth Report - Department for Bus… Accepted in Part

The National Audit Office recommended in December 2021 that the Department should produce a formal...

The National Audit Office recommended in December 2021 that the Department should produce a formal strategy, setting out the longer-term ambitions, objectives and metrics for the impact of successful counter-fraud actions; fraud risk appetite; and prioritisation of counter-fraud activities and resources based on cost-effectiveness.34 A formal strategy such as this …

Government response. The government states the recommendation is implemented, as the Department for Business and Trade has developed an overarching Bounce Back Loan Scheme Counter Fraud strategy and is considering making a version public. They also highlight ongoing data publication, PSFA support, …

HM Treasury

Correspondence

3 letters

Date	Direction	Title
23 Jan 2023	—	Correspondence from Sarah Munby, Permanent Under-Secretary of State, re update …
22 Nov 2022	—	Correspondence from Sarah Munby, Permanent Under-Secretary of State, Department…
22 Nov 2022	—	Correspondence from Sarah Munby, Permanent Under-Secretary of State, Department…

Accepted	14
Accepted in Part	1
Acknowledged	4
Deferred	2
Not Addressed	1
Rejected	2