Source · Select Committees · Public Accounts Committee

Recommendation 23

23

Effectiveness of pandemic business grants and their impact remains unknown.

Conclusion
HM Treasury acknowledged that it still does not know how well the government’s goals were met and what was achieved for the money spent. It told us it wanted to answer the question of “whether this was the right thing to do”: whether the schemes met their objectives and the total cost was worth it.52 BEIS commissioned an evaluation to examine both the processes by which the grant schemes were created and operated, and to quantify their impact.53 DBT reflected on the importance of ensuring lessons inform the Department’s understanding of, and so future advice to Ministers about, the choices and trade-offs in emergencies. DBT is still awaiting the results but told us it expects to publish “before summer”.54
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 ↗