The impact of our value for money work
The primary aim of all of our value for money work is to promote
enduring beneficial change across public services through
improvements to service delivery and improved governance, as well
as helping to identify financial savings and efficiencies.
We currently have a target to deliver £10 worth of financial
impacts for every £1 spent on running the Office. Financial impacts
are realised when the Office has established, and the Department
has agreed, that our recommendations have resulted in direct cash
savings, improved efficiency (where more or better quality outputs
are achieved for the same cost), increased revenue, or a reduction
in the resources required to produce the same outputs.
Our reports result in a wide range of financial and other
impacts. Some examples of financial benefits deriving from our work
are:
- Savings arising from more cost-effective prescribing of
drugs
- Reductions in government expenditure on consultants
- Improvements in departments’ procurement capabilities
- Recovery of revenue by reducing the use of offshore accounts to
evade tax
- Efficiency savings in local bus services
- Savings in custody costs through more effective use of
electronic tagging
Our Annual Report presents details of
all the financial and wider benefits arising from our work that
have been endorsed by the department concerned.