NAO finds business support schemes lack measurable economic objectives
1 report, 1 independent
Updated Thu 00:00
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What happened
The National Audit Office reviewed various business support schemes, including subsidies, grants, loans, and tax reliefs. The NAO found that many of these schemes lacked measurable objectives from the outset or adequate evaluations of their success. The support mechanisms are scattered across different bases and often without a common identifier for the final beneficiary.
From fee.org
Why it matters
The findings suggest a lack of coherent accountability regarding how much corporate support is received and what it achieves. This critique applies to the various channels through which business support is provided by the government.
From fee.org
Who's involved
- National Audit OfficeIndependent Parliamentary body in the United Kingdom conducting the review
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The entities involved
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National Audit Office
an independent Parliamentary body in the United Kingdom
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ONS
in the Netherlands and Flanders, Belgium