Question to the Cabinet Office:

To ask the Minister for the Cabinet Office, what the cost to his Department of (a) setting up and (b) running the Public Sector Fraud Authority each year are.

HM Treasury announced £24.7m funding over three years to support the creation of the PSFA in the Spring Statement 2022. This was added to the £5.7m annual budget that the Centre of the Counter Fraud Function was provided by the Cabinet Office. The additional funding brought the PSFA budget in 2022/23 to £11.25m.

In 22/23 the PSFA set a target of delivering £180m of savings to the taxpayer. The PSFA far surpassed this within the first 12 months by preventing and recovering £311 million. As it enters its second year, the PSFA has a target of achieving £185 million of savings for the taxpayer.