Source · Select Committees · Public Accounts Committee
Recommendation 24
24
The National Audit Office set out that HM Treasury approved funding of £1.2 billion for...
Conclusion
The National Audit Office set out that HM Treasury approved funding of £1.2 billion for the Weybridge redevelopment programme in March 2020, below the Department’s current cost estimate of £2.8 billion. The Department confirmed that this includes agreed funding of £200 million up to 2024–25 to enable it to undertake further work to ensure its cost and benefit estimates are robust in advance of the next Programme Business Case in June 2024.45 The Department thought that HM Treasury had a good understanding of the importance of the redevelopment programme and that further decisions on funding would be made as part of the spending review in 2024.46