Question to the Department of Health and Social Care:

To ask the Secretary of State for Health and Social Care, whether his Department monitors the cash held by its subsidiaries in offshore bank accounts; and how frequently those subsidiaries report those balances to his Department.

The majority of subsidiaries in the Department are owned by NHS Providers, while Porton Biopharma Ltd (PBL) is a private limited company wholly owned by the United Kingdom Secretary of State for Health.

Public Health England oversees the management of Porton Biopharma Ltd and monitors the cash held by PBL at its monthly Board meetings. The only bank account used by PBL is held with the Government Banking Service.

NHS England and NHS Improvement collect monthly information from NHS Providers, including cash held by subsidiaries which are consolidated into the Provider Group accounts. Subsidiaries are not shown separately, and do not contain analysis of offshore bank accounts.