Supply Chain Finance in Government: Boardman Review

Chloe Smith Excerpts

Thursday 16th September 2021 Written Statements

[The Minister for the Constitution and Devolution (Chloe Smith)]

On 12 April, the Government announced that the Prime Minister had asked Nigel Boardman to investigate the development and use of supply chain finance in Government, especially the role of Lex Greensill and Greensill Capital, including associated companies or companies in its group, and any related issues that Mr Boardman considered were in scope. In accordance with the terms of reference, Mr Boardman provided the Prime Minister with part 1 of his report which sets out Mr Boardman’s findings of fact. This was published on 22 July (paper reference DEP2021-0641).

The purpose of the review was to establish the facts and any lessons to be learned. Mr Boardman has now delivered the second part of his report, including making recommendations. These recommendations and wider suggestions, for institutions in public life to consider, are being published today.

As Mr. Boardman’s report recognises, the Government have already committed, through the declaration on Government reform, to continually reinforce high standards of conduct in public life through proper process and transparency so that the public can have trust and confidence in the operation of Government at all levels.

The Government note the work of the Public Administration and Constitutional Affairs, Treasury and Business, Energy and Industrial Strategy Committees, as well as the forthcoming “Standards Matter 2” report from the Committee on Standards in Public Life. We will consider their work alongside Mr Boardman’s recommendations, and set out a substantive Government policy statement to Parliament in due course.

I am depositing a copy of the report in the Libraries of both Houses, and publishing it on gov.uk.

[HCWS293]