Speeches made during Parliamentary debates are recorded in Hansard. For ease of browsing we have grouped debates into individual, departmental and legislative categories.
These initiatives were driven by Lord Nash, and are more likely to reflect personal policy preferences.
Lord Nash has not introduced any legislation before Parliament
Lord Nash has not co-sponsored any Bills in the current parliamentary sitting
The Public Sector Fraud Authority administers the Government Counter Fraud Profession (GCFP), which holds records of Government officials who have achieved Practitioner member or Affiliate status under the GCFP standards.
(1) Foundation – 0
(2) Practitioner – 1
(3) Advanced Practitioner – 3
Of these:
(4) Investigation Manager - 3
(5) Senior Investigation Officer – 1
Officials are also enrolled with the PSFA for forthcoming GCFP training and qualifications with the PSFA.
The British Business Bank is represented on the Schroders' advisory board but does not hold a vote on the LTAF investment decisions.
Schroders Capital invest across companies that are pioneering the development of long-term innovation themes such as life sciences and artificial intelligence. Following approval from the UK's Financial Conduct Authority in September 2024 to launch the first ever Long-Term Asset Fund (LTAF) dedicated to UK venture capital, Schroders Capital began making its first investments in January 2025.
As a new Fund, it is too early for data analysis to have taken place. UK businesses which have received investment include AI companies Synthesia and Luminance. Deployment of funds is overseen by the investment committee at Schroders Capital with monitoring by the British Business Bank.
In November 2024, the British Business Bank announced it had completed its £250m investment alongside Phoenix Group with Schroders Capital under the Long-Term Investment for Technology and Science (LIFTS) initiative.
This was matched by £250m of pension investment from Phoenix Group, creating a £500m investment vehicle. Schroders Capital began making its first investments in January 2025. UK businesses which have received investment include the AI company Synthesia. Schroders Long Term Asset Fund (LTAF) Direct Investments are only made in companies based in the UK; LTAF Funds may invest in the UK and internationally.
As the Fund is still new, no data is currently available on Fund deployment.
This information is not publicly available. Fees paid by the British Business Bank are the same as other investors and in line with market standards for the asset class.
The Boiler Upgrade Scheme is administered by Ofgem on behalf of the government. Given the nature of the data requested, Ofgem will write to the noble Lord and a copy of the letter will be placed in the Libraries of the House.
The Boiler Upgrade Scheme is administered by Ofgem on behalf of the government. Given the nature of the data requested, Ofgem will write to the noble Lord and a copy of the letter will be placed in the Libraries of the House.
The Boiler Upgrade Scheme is administered by Ofgem on behalf of the government. Given the nature of the data requested, Ofgem will write to the noble Lord and a copy of the letter will be placed in the Libraries of the House.
The Government has not published the average administrative cost incurred by Ofgem per voucher issued under the Boiler Upgrade Scheme.
The scheme, now part of the Government’s Major Project Portfolio, will be included in the 24-25 National Infrastructure and Service Transformation Authority (NISTA) Annual Report publication, which will disclose whole life scheme costs.
The Domestic and Non-Domestic Renewable Heat Incentive schemes are administered by Ofgem on behalf of the government. Given the nature of the data requested, Ofgem will write to the noble Lord and a copy of the letter will be placed in the Libraries of the House.
The Metering and Monitoring Service Package (MMSP) was designed to support participants and installers on the Domestic Renewable Heat Incentive to understand how heating systems are working in specific households and not to serve as a compliance tool. This was an optional measure for participants and was demand driven with 11,255 packages available in total. Ofgem's published data indicates that 3,530 applications were approved as of September 2023, with information for the preceding years attached.
The Domestic and Non-Domestic Renewable Heat Incentive schemes are administered by Ofgem on behalf of the government. Given the nature of the data requested, Ofgem will write to the noble Lord and a copy of the letter will be placed in the Libraries of the House.
The Domestic and Non-Domestic Renewable Heat Incentive schemes are administered by Ofgem on behalf of the government. Given the nature of the data requested, Ofgem will write to the noble Lord and a copy of the letter will be placed in the Libraries of the House.
Since April 2018, £267.7m commitments have been made across 304 loans (including those approved and currently in execution). £221.2m in commitments are currently live across 248 loans, of which £191.9m is drawn. Under the terms of the loans with Innovate UK repayment of all of the loans in the current portfolio is due by 2033, with over half by 2028.
31 loans have already repaid in full, recovering £18.4m in capital. 16 defaulted loans with a combined outstanding exposure of £12.7m have completed the administration / recovery process, with £400k recovered and the remainder written-off. These write-offs occurred over following financial years as follows:
Year | Number | Value of write-off |
2018-2020 | 0 | 0 |
2021 | 1 | £1m |
2022 | 1 | £0.5m |
2023 | 2 | £2.4m |
2024 | 4 | £2.9m |
2025 | 8 | £5.5m |
A further 59 loans are currently in default against their obligations. 40 of these (£28.3m total commitment) are subject to recovery action through legal recourse and administration; 19 (£12.5m commitment) are subject to restructuring within Innovate UK Loans Limited with a view to securing a realistic plan for repayment over time.
Since April 2018, £267.7m commitments have been made across 304 loans (including those approved and currently in execution). £221.2m in commitments are currently live across 248 loans, of which £191.9m is drawn. Under the terms of the loans with Innovate UK repayment of all of the loans in the current portfolio is due by 2033, with over half by 2028.
31 loans have already repaid in full, recovering £18.4m in capital. 16 defaulted loans with a combined outstanding exposure of £12.7m have completed the administration / recovery process, with £400k recovered and the remainder written-off. These write-offs occurred over following financial years as follows:
Year | Number | Value of write-off |
2018-2020 | 0 | 0 |
2021 | 1 | £1m |
2022 | 1 | £0.5m |
2023 | 2 | £2.4m |
2024 | 4 | £2.9m |
2025 | 8 | £5.5m |
A further 59 loans are currently in default against their obligations. 40 of these (£28.3m total commitment) are subject to recovery action through legal recourse and administration; 19 (£12.5m commitment) are subject to restructuring within Innovate UK Loans Limited with a view to securing a realistic plan for repayment over time.
The reprofiling of quality-related funding payments to higher education institutions in 2023-24 complied fully with DSIT’s departmental expenditure limit control rules and Consolidated Budgeting Guidance. No payments in advance of need were made and spending across the DSIT portfolio remained within departmental control totals despite the reprofile, which is designed to ensure effective utilisation of R&D budgets within and across financial years.
UKRI makes consolidated data returns to the Public Sector Fraud Authority covering identified, recovered and prevented fraud. The data requested is in the table below.
For individual cases, investigation, recovery, and prevention activities can extend over multiple financial years. Therefore, care should be taken when comparing data points across the table below. The data provided for the last financial year (2024/25) is provisional, and final figures will be published in UKRI’s 2024/25 Annual Report and Accounts.
| Value of suspected grant fraud investigated | Confirmed | Recovered | Prevented |
2020/21 | £12,761,945.94 | £1,410,994.14 | £149,716.01 | £4,893,567.13 |
2021/22 | £7,285,776.67 | £3,559,382.41 | £1,044,626.51 | £1,152,805.96 |
2022/23 | £40,418,305.58 | £2,043,255.85 | £1,933,718.99 | £780,427.38 |
2023/24 | £1,930,369.00 | £5,454,586.74 | £1,395,426.05 | £13,536,403.29 |
2024/25 | £6,748,311.14 | £3,345,159.81 | £4,193,153.36 | £22,243.50 |
UKRI records confirmed cases of fraud and error; however, it has not historically produced estimates of fraud and error losses. The National Audit Office published good practice guidance in February 2025 on estimating and reporting fraud and error, and UKRI is drawing on this guidance to produce an estimate for 2024/25 that will be published in UKRI’s Annual Report and Accounts.
I refer the noble Lord to my answer to question HL7598 for data on UKRI fraud recovery.
The Civil Service Equality, Diversity and Inclusion (EDI) Expenditure Guidance was issued by the Conservative government in May 2024 without due consideration of the standard procedure for incorporating requirements into annual reports and accounts. These requirements were not included in the Government Financial Reporting Manual (FReM).
After the publication of the guidance, it was decided that the FReM would not be revised to include mandatory disclosure of external EDI expenditure as such disclosures are unlikely to be financially material.
In line with the current policy, the Cabinet Office intends to publish 2024-25 external EDI spend at the end of the reporting cycle. The Government will keep the FReM under review and will consider any future updates to reporting requirements in light of evolving guidance and policy.
The Government does not hold or monitor data on when departments and their arm’s-length bodies submit their accounts to the Comptroller and Auditor General (C&AG).