02
Dec

New Government Grant Standards

Posted on: 02nd December 2016 at 00:00
Posted by: PANDA
Location: UK
Discipline: Other

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New standards published today by the Cabinet Office will ensure that grants will be effectively managed across government.

These standards will be adopted by all departments to make sure that taxpayers’ money, awarded through government grants, is properly agreed and spent.

Read the full list of the grants standards.

Included in the new set of grant standards is the creation of a Grants Advice Panel to consider ‘high risk, new and contentious’ expenditure as well as any significant increase in funding to existing grant schemes.

In addition all departments will be required to have robust grants approval process for spend over £100,000, and all grants need to be reviewed annually at a minimum.