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NHS supply chain finance investigation

Prior to its collapse in March 2021, Greensill Capital (UK) Limited (Greensill) was involved in the provision of supply chain finance to enable community pharmacies to be reimbursed quickly for dispensing NHS prescriptions. Greensill was also involved in a scheme that enabled employees of NHS Trusts to access their salaries early.

Following the Treasury Select Committee evidence session with former Prime Minister David Cameron on 13 May 2021, the Chair of the Public Accounts Committee asked the NAO to consider undertaking a review of the role of Greensill capital supply chain finance in the NHS.

This report will examine how Greensill became a supplier to the NHS for these schemes, how it administered these schemes and what happened when Greensill failed in March 2021.