I am today announcing the start of the triennial review of the Big Lottery Fund.
All Government Departments are required to review their non-departmental public bodies at least once every three years. The review will be conducted in two stages. The first stage will examine whether there is a continuing need for the functions performed by the Big Lottery Fund, and whether the organisation should continue to operate in its current form. If it is determined that there is a continuing need for the organisation in its current form, the second stage will assess whether the body’s control and governance arrangements continue to meet the recognised principles of good corporate governance and whether the fund operates in an effective and efficient way.
The findings of both stages of the review will be examined by a challenge group. Copies of the report will be placed in the Libraries of both Houses.