Department for Business and Trade: Prizes
(asked on 19th December 2024) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, how many in-year awards were made to officials in his Department since 5 July 2024.
Answered by
Justin Madders
Parliamentary Under Secretary of State (Department for Business and Trade)
The Department for Business and Trade (DBT) operates a fully in year reward system for delegated grades and, like in other departments, has a non-consolidated performance budget that is derived from a percentage of the pay bill. In DBT, this is 1.3% and may be spent on cash or vouchers (up to a maximum of £2,500 per employee in any financial year).
Between 5th July 2024 and 19th December 2024, DBT made 3,468 cash in-year awards (with a total value of £1,551,060) and 2,466 non-cash awards (with a total value of £190,648).