Government Property Agency: Financial Services

(asked on 26th May 2021) - View Source

Question to the Cabinet Office:

To ask the Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office, whether the Government Property Agency will in future, as part of its due diligence checks on facility management companies it wishes to contract with, assess whether they have financial links with supply chain financing providers.


Answered by
Julia Lopez Portrait
Julia Lopez
Minister of State (Department for Digital, Culture, Media and Sport)
This question was answered on 7th June 2021

The Government Property Agency has not asked our facilities management suppliers whether they have, or have had, any financial links to Greensill Capital or another supply chain financing provider.

GPA's principal suppliers are government strategic suppliers; the Cabinet Office Market and Suppliers team closely monitors the financial health of these strategic suppliers and has regular discussions with their management.

GPA procurement processes are aligned with legal and commercial policy requirements. At the moment, there is no requirement to specifically enquire about company links with supply chain financing providers as part of due diligence.

This content was generated for your convenience by Parallel Parliament and does not form part of the official record.
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