The Department told us that it was continuously developing its in-house skills in areas such as insolvency and restructuring. HM Treasury told us that every department needed to have corporate finance and insolvency expertise and that it had seen an increase in the levels of corporate finance work being undertaken by government in the last two years. In its view, all of these activities were an important part of continuing to build capability. HM Treasury also told us that it was working to h...

The Department told us that it was continuously developing its in-house skills in areas such as insolvency and restructuring. HM Treasury told us that every department needed to have corporate finance and insolvency expertise and that it had seen an increase in the levels of corporate finance work being undertaken by government in the last two years. In its view, all of these activities were an important part of continuing to build capability. HM Treasury also told us that it was working to have more collaboration between it and UKGI to train civil servants in corporate finance and to offer them qualifications so that they are better able to Type: conclusion | Number: 19 | Response status: accepted Government response: 5.1 The government agrees with the Committee’s recommendation. Target implementation date: Autumn 2024 5.2 UKGI and HM Treasury will work together to review the Government Corporate Finance Profession’s (‘GCFP’ or ‘the Profession’) forward plan to include raising aware