Search results for 'Business and industry'

Showing 601 - 620 of 645 results

  1. Local Enterprise Partnerships

    Press release

    Published on:

    The role and remit of Local Enterprise Partnerships has grown since 2010, but the approach taken by DCLG to overseeing Growth Deals risks future value for money.

  2. Purchasing Professional Services

    Report Value for money

    Published on:

    How government departments can get better value for money from the £600 million they spend each year on professional services from suppliers of specialist expertise advice and assistance is highlighted today in a National Audit Office report. It concludes that value for money improvements of at least 10 per cent (£60 million) are achievable.   […]

  3. The English National Stadium Project at Wembley

    Report Value for money

    Published on:

    The Department for Culture, Media and Sport’s decision to provide additional public funding for the English national stadium project at Wembley is an example of well managed risk taking, Sir John Bourn, Head of the National Audit Office said today. The Department, working closely with Sport England, has thoroughly reviewed the project and taken appropriate […]

  4. Department of Education and Skills – Connexions Service for all Young People

    Report Value for money

    Published on:

    Head of the National Audit Office Sir John Bourn today reported on the Connexions Service, concluding that it is a radical change in the delivery of advice and guidance to young people and is on target to meeting its major objective of reducing the proportion of 16- to 18-year olds not in education, employment or […]

  5. Ministry of Defence: The Construction of Nuclear Submarine Facilities at Devonport

    Report Value for money

    Published on:

    Sir John Bourn, Head of the National Audit Office, told Parliament today that the costs of this project had risen from £650 million to an estimated £933 million. Although the Ministry of Defence originally considered that it had transferred the risk of cost overruns to the private sector, in the end it funded most of […]

  6. The PFI Contract for the redevelopment of West Middlesex University Hospital

    Report Value for money

    Published on:

    The redevelopment of the West Middlesex hospital should assist the NHS in delivering modern, high quality healthcare in London, Sir John Bourn, Head of the National Audit Office reported to Parliament today. As a result of letting a 35 year PFI contract with a net present value of £125 million to the Bywest consortium, the […]

  7. Awarding the new licence to run the National Lottery

    Report Value for money

    Published on:

    Sir John Bourn, Head of the National Audit Office, told Parliament today that the National Lottery Commission had a sound basis for its decision to award the second licence to run the National Lottery to Camelot. However, he expressed concerns for the future about the extent of competition and the advantages held by the incumbent […]

  8. The Radiocommunications Agency’s Joint Venture With CMG

    Report Value for money

    Published on:

    Sir John Bourn, head of the National Audit Office, reported to Parliament today that the Radiocommunications Agency* has successfully entered into a partnership with CMG plc**, a global Information and Communications Technology group, which could result in significant financial savings. In June 1998 the Agency and CMG plc established a joint venture company, Radio Spectrum […]

  9. Performance of the Department for Trade and Industry 2006-07 – NAO briefing for the Business Enterprise and Regulatory Reform Committee

    Briefing

    Published on:

    This paper is a briefing for the Select Committee to provide an overview of the work and performance of the former Department of Trade and Industry in the financial year 2006-07 and subsequent months. It takes as its basis the Department’s Annual Report, drawing upon the work of the Select Committee and the National Audit Office (NAO), together with relevant findings and recommendations from other external and internal reviews of departmental performance.

  10. Innovation in PFI Financing: The Treasury Building Project

    Report Value for money

    Published on:

    Sir John Bourn, Head of the National Audit Office, told Parliament today that the funding competition used to finance the refurbishment of the Treasury building in Whitehall saved the taxpayer £13 million. The competition resulted in savings of 7% of the cost of the deal over the lifetime of the project and assisted greatly in […]

  11. Ministry of Defence: Non-Competitive Procurement in the Ministry of Defence

    Report Value for money

    Published on:

    Competition helps provide value for money and the Ministry of Defence (MOD) uses non-competitive procurement only where there are compelling reasons. It may not always be practicable or sensible to use competitive procurement, however, and over the last five years one quarter of the annual £9 billion defence equipment and services budget has been spent […]

  12. Department of the Environment, Transport and the Regions: The Channel Tunnel Rail Link

    Report Value for money

    Published on:

    Sir John Bourn, Head of the National Audit Office, told Parliament today that although the Private Finance Initiative deal for the construction of the Channel Tunnel Rail Link was in many respects unique, the lessons to be learned from the project’s near collapse are not. The report makes three key points. In negotiating with the […]

  13. The Operational Performance of PFI Prisons

    Report Value for money

    Published on:

    Sir John Bourn, head of the National Audit Office, reported to Parliament today that the seven operational PFI prisons are bringing benefits to the Prison Service. One of the key benefits is that the existence of PFI prisons has encouraged the public sector to improve its performance. For instance, Prison Service management teams have recently […]

  14. Investigation into HMRC’s contract with Concentrix

    Press release

    Published on:

    HM Revenue & Customs’ (HMRC’s) contract with Synnex-Concentrix UK Ltd was terminated in November 2016. The contract was designed to add capacity to HMRC’s programme of interventions to prevent or detect error and fraud in personal tax credits awards. HMRC estimated that the contract would save £1 billion over its three year life time and an estimated £193 million, excluding Concentrix’s costs, had been saved by the time of contract termination.

  15. The Financial Analysis for the London Underground Public Private Partnerships 

    Report Value for money

    Published on:

    Sir John Bourn, head of the National Audit Office, reported to Parliament today that the financial analysis* carried out for the London Underground Public Private Partnerships cannot, on its own, be expected to show clearly which public or private sector option for managing and funding the Tube will provide better value for money. Sir John […]

  16. Managing the HMRC Estate

    Press release

    Published on:

    By reducing the number of its offices and moving to a regional centre model HM Revenue & Customs (HMRC) hopes to significantly reduce its running costs and modernise the way it works. HMRC’s original plan has proved unrealistic and is now reconsidering the scope and timing of the programme. Any changes will need to be carefully managed to avoid diminishing the long term value of the strategy.

  17. BBC TV Licence fee collection

    Press release

    Published on:

    The BBC has improved the value for money of its activity, but there is scope to make improvements, particularly on licence fee evasion and the incomplete transition programme.

  18. National Citizen Service

    Press release

    Published on:

    Having shown that the concept of a national citizen service has something to offer young people, to demonstrate value for money the OCS and the Trust now need to show they can grow NCS as intended and run it at a more affordable cost to the taxpayer.