Source · Select Committees · Public Accounts Committee
Recommendation 12
12
Only 2% of £1.1 billion in COVID scheme losses recovered by May 2023.
Conclusion
DBT told us that by May 2023 £20.9 million of losses had been recovered to date; this is around 2% of the £1.1 billion. We heard that £15 million had been recovered by local authorities and £6 million had been repaid to government voluntarily by large businesses. DBT also said that local authorities have referred a further £6 million of irregular payments to government after being unable to recover them, and authorities are currently pursuing another £7 million.19
Government Response
A response document is linked to this report, dated 18 November 2023. Response attribution to this conclusion has not been verified. Read the response document ↗