Source · Select Committees · Public Accounts Committee
Recommendation 35
35
Acknowledged
Department for Business and Trade created in 2023 from predecessor departments.
Conclusion
The Department for Business and Trade (the Department) was formed in February 2023 as one of three Government Departments which replaced the Department for Business, Energy and Industrial Strategy (BEIS). This action, is known as a ‘machinery of Government change’. This brought together the business-focused parts of the former BEIS, and the totality of the former Department for International Trade (DIT).56
Government Response Summary
The government acknowledges the creation of the Department for Business and Trade in February 2023.
Government Response
Acknowledged
HM Government
Acknowledged
In February 2023, the government created a single department for economic growth, the Department for Business and Trade (the Department). The Department brings together the business-focused parts of the former Department for Business, Energy and Industrial Strategy and the former Department for International Trade. The Department is responsible for supporting business to create jobs, opportunities and prosperity across the country. The new Department published its first set of accounts, for the year ended 31 March 2024, on 30 January 2025.