Source · Select Committees · Public Accounts Committee

Eighth Report - COVID 19: Culture Recovery Fund

Public Accounts Committee HC 340 Published 23 June 2021

Report Status

Government responded

Conclusions & Recommendations

27 items (10 recs)

Source

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Government Response

AI assessment · 26 of 27 classified

Accepted 14

Accepted in Part 1

Acknowledged 1

Deferred 1

Not Addressed 3

Rejected 6

Government response

Treasury minutes: Government response to the Committee of Public Accounts on the Eighth report from Session 2021-22 · published 28 Oct 2021

Read the government response ↗ Response on the Index

Recommendations & Conclusions

1 item

8 Conclusion Deferred

The Department wrote to us to explain that ACE was now responsible for managing £252...

Conclusion

The Department wrote to us to explain that ACE was now responsible for managing £252 million in loans.16 Although the take-up of loan funding was lower than the Department originally predicted, it forms part of the £92 billion total of … Read more

Government Response Summary

The government acknowledges the committee's point, stating that DCMS officials are working to establish the most appropriate long-term mechanism for managing the loan book and will provide further updates in December 2021.

HM Treasury

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