Strong financial skills are necessary at all levels for good management of the many hundreds of complex projects which make up the Plan. Yet, according to HM Treasury, the Department languishes in the third quartile of government departments in terms of financial capability. And the proportion of professionally trained financial staff in the Department has only increased from 41% to 43% since 2019, against a target of 60%. In July 2021 the Department had 350 vacancies in jobs in finance acros...
Strong financial skills are necessary at all levels for good management of the many hundreds of complex projects which make up the Plan. Yet, according to HM Treasury, the Department languishes in the third quartile of government departments in terms of financial capability. And the proportion of professionally trained financial staff in the Department has only increased from 41% to 43% since 2019, against a target of 60%. In July 2021 the Department had 350 vacancies in jobs in finance across the Department.58 Type: conclusion | Number: 27 | Response status: not_addressed Government response: 5.1 The government agrees with the Committee’s recommendation. Target implementation date: Autumn 2023 5.2 The department is committed to improving financial professionalism recognising that this is vital to improving financial outcomes. It takes time to train personnel and the department works with