Only 1% of £1.1bn lost in UK Covid business scheme recovered

[Eldorado]

Just 1% of the estimated £1.1bn lost from the government’s Covid business support programme in England as a result of fraud and error has been recovered so far, the public spending watchdog has said in a report urging ministers to learn lessons from the scheme.

The “overwhelming majority” of fraud and error occurred during the initial incarnation of the grant scheme launched in March 2020, which did not require prepayment checks, the National Audit Office (NAO) said in its report on the rushed-through efforts.

https://www.msn.com/en-gb/news/uknews/only-1-of-1-1bn-lost-in-covid-business-scheme-recovered-report-finds/ar-AA190CW5?