The Creation of the UK Infrastructure Bank
Published on:This report looks at the set-up of the UK infrastructure Bank, including HM Treasury’s planning before launch.
This report looks at the set-up of the UK infrastructure Bank, including HM Treasury’s planning before launch.
This framework is intended as a useful tool for policymakers and regulators overseeing any given market.
Devolution deals to devolve power from central government to local areas in England offer opportunities to stimulate economic growth and reform public services for local users, but the arrangements are untested and government could do more to provide confidence that these deals will achieve the benefits intended
If the government is serious about increasing its use of small and medium – sized enterprises (SMEs), it will need to focus on those areas where SMEs can deliver real benefits.
There is little evidence that government’s commitment to pay 80% of undisputed invoices within 5 working days is having the intended effect of helping the UK’s 5 million small and medium-sized enterprises.
The GREAT campaign enables government organisations to adopt consistent and effective brand management. To date, Cabinet Office has reported a return of £1.2 billion on its £113.5 million GREAT campaign investment. This is based on anticipated as well as actual expenditure by business, tourists and students.
It has not yet been demonstrated that funding mechanisms for supporting local economic growth are capable of delivering value for money.
Wave 1 City Deals encouraged cities to develop capacity to manage devolved funding and increased responsibility. It is too early to tell what impact they will have on growth.
Despite providing substantially increased funding for PIDG (up to £700 million by 2015), the Department has not exercised enough oversight to ensure value for money has been achieved.
The range of government initiatives to help small and medium businesses gain access to finance are not operating as a unified programme.
This report examines whether government and regulators are aligned in their growth ambitions, and the efficacy of recent growth initiatives.
Under the Scheme, the Treasury guarantees that lenders to infrastructure projects will be repaid in full and on time, irrespective of project performance. The NAO is calling for the Treasury to be rigorous and objective in assessing whether the guarantees, which transfer risk to the public sector, are genuinely needed.
An update for the Committee of Public Accounts on the Programme’s progress, including rollout and take-up of superfast broadband under Phase 1 (delivery to 90% of UK premises by December 2016) and comments on initial progress for phase 2.
There are some good examples across government of alternatives to regulation being used to achieve policy objectives. However more needs to done to share these examples to highlight when alternatives are most likely to work and how they should be designed.
Local authorities have worked hard to manage reductions in government funding, but the DCLG needs to be better informed about the situation across England.
This report makes early observations on the progress and risks in upgrading the A303 between Amesbury and Berwick Down.
The FCO and UKTI will need to contribute much more effectively to efforts to increase the value of UK exports to £1 trillion a year by 2020.
Good regulation can be used to achieve a range of different aims and opportunities. It can support innovation, make workplaces safer, or help to keep essential services affordable.
Although government provides billions in tax reliefs each year to encourage growth, it does not monitor or evaluate them closely enough.
Local authorities have worked hard to manage reductions in government funding, but the DCLG needs to be better informed about the situation across England.