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Supply Chain Finance in Government: Boardman Review

Volume 699: debated on Thursday 22 July 2021

On 12 April, the Government announced that the Prime Minister had asked Nigel Boardman to investigate the development and use of supply chain finance in Government, especially the role of Lex Greensill and Greensill Capital (including associated companies or companies in its group) and any related issues that Mr Boardman considered were in scope.

In accordance with the terms of reference, Mr Boardman has provided the Prime Minister with a report which sets out Mr Boardman’s findings of fact. This was provided to the Prime Minister yesterday and is being made available to the House today.

In producing this report, Mr Boardman interviewed 45 individuals, for a total of over 100 hours. Mr Boardman had access to all the papers he requested, totalling several thousand pages of written evidence. This is a non-statutory review, but in line with long-standing convention, the Prime Minister made clear at the outset his expectation that all Ministers, special advisers and civil servants, whether current or former, should co-operate fully. Those individuals who participated, or their personal representative where applicable, were provided with relevant documents to assist their evidence. They were then offered the opportunity to discuss the relevant documents and provide any comment during an interview with Mr Boardman. These comments were considered, in good faith, as part of the review.

The purpose of the review was to establish the facts and any lessons to be learnt. As set out in the terms of reference, the review does not form part of a disciplinary process, nor is it intended to apportion blame or criticism to individuals. In establishing and setting out the facts, however, Mr Boardman attributes actions to named individuals, some of which could be read as critical of individuals. Where this is the case, the individuals concerned, or their personal representative where applicable, were given the opportunity ahead of the report being finalised to make representations on those sections of the report that could be perceived as criticisms to correct factual inaccuracies.

The Government thank Mr Boardman for all of his work in examining the evidence and setting out his judgement on the facts of what occurred. Mr Boardman will be providing the second part of his report, including any specific recommendations, shortly. The Government will respond to Mr Boardman’s findings, and any recommendations, in due course.

I am depositing a copy of the report in the Libraries of both Houses, and publishing it on