Corporate report

Annexes

Updated 20 October 2023

Annex A: Common core tables

Table 1 - Total departmental spending, 2018-19 to 2022-23

This table provides a summary of departmental net expenditure using the same headings as voted within the Estimate.

	2018‑19 Outturn £’000	2019‑20 Outturn £’000	2020‑21 Outturn £’000	2021‑22 Outturn £’000	2022‑23 Outturn £’000
Resource DEL
Deliver an ambitious industrial strategy	182,286	908,525	18,822,515	4,140,456	307,905
Maximise investment opportunities and bolster UK interests	70,705	73,225	90,816	131,652	39,031
Promote competitive markets and responsible business practices	116,245	81,333	123,553	208,835	229,534
Delivering affordable energy for households and businesses	44,155	38,974	83,933	90,117	12,623,329
Ensuring that our energy system is reliable and secure	4,756	4,723	5,789	903,253	(360,436)
Taking action on climate change and decarbonisation	24,829	32,518	53,099	83,176	61,192
Managing our energy legacy safely and responsibly	251,870	234,186	216,909	195,797	196,899
Science and Research	4,608	6,159	29,390	43,497	8,901
Capability	393,848	415,591	482,229	486,262	553,709
Government as Shareholder	41,017	36,273	1,595,733	1,314,153	(13,836)
Deliver an ambitious industrial strategy (ALB) net	15,147	21,077	13,127	-	-
Promote competitive markets and responsible business practices (ALB) net	52,749	53,634	61,407	59,308	63,367
Ensuring that our energy system is reliable and secure (ALB) net	(2,667)	(2,756)	(2,297)	(3,039)	(1,621)
Taking action on climate change and decarbonisation (ALB) net	6,069	8,260	11,217	15,733	22,668
Managing our energy legacy safely and responsibly (ALB) net	32,075	28,719	32,055	39,668	39,193
Science and Research (ALB) net	276,226	231,165	227,334	238,498	236,192
Capability (ALB) net	30,475	34,693	11,103	12,379	14,576
Government as Shareholder (ALB) net	(18,838)	49,962	(7,246)	20,266	39,977
NDA and SLC expenditure (ALB) net	1,175,337	1,330,218	1,245,231	1,427,904	1,539,120
Deliver an ambitious industrial strategy (CFER)	-	-	-	(1,454)	(773)
Science and Research (CFER)	-	-	-	(555)	(106)
Nuclear Decommissioning Authority Income (CFER)	(978,373)	(748,104)	(599,466)	(693,853)	(1,033,030)
Total Resource DEL	1,245,244	2,838,375	22,496,431	8,712,053	14,565,791
Of which:
– Staff costs	605,821	682,747	816,131	867,646	989,564
– Purchase of goods and services	1,936,315	3,394,359	3,142,383	2,990,283	2,932,952
– Income from sales of goods and services	(996,751)	(764,171)	(615,649)	(713,994)	(1,054,157)
– Current grants to local government (net)	22,388	183,159	8,121,959	3,936,064	66,030
– Current grants to persons and non-profit bodies (net)	133,554	177,281	187,621	200,733	12,595,256
– Current grants abroad (net)	72,274	51,593	75,568	98,113	37,505
– Subsidies to private sector companies	141,423	100,481	12,481,812	1,439,916	166,067
– Subsidies to public corporations	61,530	50,081	53,903	953,283	(325,805)
– Net public service pensions[Note 2]	(12)	(13)	(19)	-	-
– Rentals	37,077	46,630	49,830	2,538	(934)
– Depreciation[Note 1]	310,652	331,470	270,073	335,950	327,126
– Take up of provisions	-	(32,162)	37,965	(33,722)	5,337
– Change in pension scheme liabilities	547	579	228	243	26
– Other resource	(1,079,574)	(1,383,659)	(2,125,372)	(1,365,000)	(1,173,176)
Resource AME
Deliver an ambitious industrial strategy	(312,599)	10,733,189	(10,747,128)	(62,525)	(94,470)
Maximise investment opportunities and bolster UK interests	6,044	701	(1,217)	(703)	(636)
Promote competitive markets and responsible business practices	79,228	72,282	89,422	72,940	104,991
Delivering affordable energy for households and businesses	-	-	-	-	31,138,640
Ensuring that our energy system is reliable and secure	(295)	478	(4,108)	338,849	(346,917)
Taking action on climate change and decarbonisation	-	-	667	241	(2,843)
Managing our energy legacy safely and responsibly	(297,497)	(203,397)	(208,322)	(78,851)	(29,702)
Science and Research	205,985	54,912	86,053	109,627	19,707
Capability	(12,990)	(55,895)	(41,033)	5,305	(16,731)
Government as Shareholder	807	10,006	17,150	178,940	(69,604)
Renewable Heat Incentive	817,898	846,092	848,139	919,555	1,001,880
Deliver an ambitious industrial strategy (ALB) net	(14,444)	36,202	(71,456)	473	43,059
Promote competitive markets and responsible business practices (ALB) net	57	973	(221)	375	(47)
Taking action on climate change and decarbonisation (ALB) net	(2,971,284)	3,543,428	468,485	10,015,257	(13,507,265)
Managing our energy legacy safely and responsibly (ALB) net	(2,022,249)	22,826	231,227	3,112,786	(3,385,547)
Science and Research (ALB) net	41,299	149,372	64,982	192,049	77,990
Capability (ALB) net	1	4	-	10	-
Government as Shareholder (ALB) net	47,451	(99,851)	(354,185)	(520,071)	90,013
Nuclear Decommissioning Authority (ALB) net	(101,791,292)	4,371,679	1,027,590	100,605,107	(110,365,377)
Promote competitive markets and responsible business practices	319,330	431,123	441,841	260,991	263,156
Total Resource AME	(105,904,550)	19,914,124	(8,152,114)	115,150,355	(95,079,703)
Of which:
– Staff costs	4,404	5,165	5,714	6,164	5,520
– Purchase of goods and services	145,292	164,120	150,800	44,400	79,650
– Income from sales of goods and services	(3)	(5)	-	-	-
– Current grants to persons and non-profit bodies (net)	416,439	513,128	540,717	482,671	20,913,090
– Subsidies to private sector companies	817,898	846,092	848,814	777,246	8,361,800
– Subsidies to public corporations -	-	-	345,889	(345,889)
– Rentals	(2,198)	(2,069)	(2,035)	(2,585)	(2,488)
– Depreciation [Note 1]	(1,882,868)	5,575,119	2,602,318	9,815,622	(12,857,824)
– Take up of provisions	(101,359,925)	17,774,375	4,017,592	106,997,559	(108,306,175)
– Release of provision	(3,078,344)	(3,035,901)	(13,944,296)	(3,350,663)	(3,340,776)
– Change in pension scheme liabilities	29,717	32,501	29,005	40,871	32,396
– Unwinding of the discount rate on pension scheme liabilities	37,782	38,348	33,467	33,125	44,363
– Other resource	(1,032,744)	(1,996,749)	(2,434,210)	(39,944)	336,630
Total Resource Budget	(104,659,306)	22,752,499	14,344,317	123,862,408	(80,513,912)
Of which:
– Depreciation [Note 1]	(1,572,216)	5,906,589	2,872,391	10,151,572	(12,530,698)
Capital DEL
Deliver an ambitious industrial strategy	(54,606)	(14,440)	227,102	240,578	50,265
Maximise investment opportunities and bolster UK interests	243,957	265,872	492,700	299,682	210,137
Promote competitive markets and responsible business practices	5,940	6,643	23,159	19,956	(4,952)
Delivering affordable energy for households and businesses	32,718	44,502	1,184,722	1,256,203	365,904
Ensuring that our energy system is reliable and secure	(626)	291	277	1,005,678	2,076,559
Taking action on climate change and decarbonisation	73,121	154,227	239,432	281,860	221,570
Managing our energy legacy safely and responsibly	4,278	3,461	5,074,050	5,620,909	11,836
Science and Research	563,177	691,794	787,076	727,173	979,710
Capability	30,305	19,703	35,399	28,012	23,367
Government as Shareholder	172,613	61,445	1,069,581	322,341	142,010
Deliver an ambitious industrial strategy (ALB) net	-	-	(8)	-	-
Promote competitive markets and responsible business practices (ALB) net	1,236	2,030	1,682	2,010	1,830
Ensuring that our energy system is reliable and secure (ALB) net	-	-	-	-	840,898
Taking action on climate change and decarbonisation (ALB) net	255	27	284	2,500	1,629
Managing our energy legacy safely and responsibly (ALB) net	12,128	12,919	17,915	25,769	24,290
Science and Research (ALB) net	7,530,042	7,786,590	9,125,825	8,691,692	9,567,396
Capability (ALB) net	2,482	30	2,298	3,558	3,313
Government as Shareholder (ALB) net	337,642	395,639	368,759	456,799	199,646
NDA and SLC expenditure (ALB) net	2,002,699	1,797,184	1,799,723	2,023,096	2,192,595
Deliver an ambitious industrial strategy (CFER)	-	-	-	(13,333)	(13,333)
Science and Research (CFER)	-	-	-	(2,091)	(2,102)
Total Capital DEL	10,957,361	11,227,917	20,449,976	20,992,392	16,892,568
Of which:
– Staff costs	502,376	535,339	612,263	691,071	718,255
– Purchase of goods and services	833,595	819,845	837,114	2,909,334	3,195,835
– Income from sales of goods and services	(260,137)	(273,845)	(261,268)	(306,808)	(193,794)
– Current grants to persons and non-profit bodies (net)	5,744,797	6,274,041	7,204,570	7,085,874	7,619,449
– Current grants abroad (net)	340,794	346,659	401,898	412,292	598,307
– Subsidies to private sector companies	-	-	-	-	343
– Subsidies to public corporations	-	4,808	21	31	22
– Capital support for local government (net)	5,826	1,588	1,151,761	652,693	(133,474)
– Capital grants to persons & non-profit bodies (net)	888,564	725,074	841,616	496,632	658,859
– Capital grants to private sector companies (net)	35,518	96,127	160,355	285,675	218,138
– Capital grants abroad (net)	308,624	449,475	697,326	485,802	515,894
– Capital support for public corporations	204,229	94,985	74,703	1,462,994	2,551,211
– Purchase of assets	2,345,321	2,176,780	2,285,092	448,235	1,220,727
– Income from sales of assets	(23,144)	(36,518)	(138,116)	(9,659)	(15,040)
Net lending to the private sector and abroad	163,080	88,455	1,654,821	798,760	(17,919)
Other capital	(132,082)	(74,896)	4,927,820	5,579,466	(44,245)
Capital AME
Promote competitive markets and responsible business practices	-	-	-	151	-
Managing our energy legacy safely and responsibly	35,412	29,419	29,382	23,091	18,677
Science and Research	1,212	1,263	1,247	1,271	1,266
Capability	-	-	-	144	-
Government as Shareholder	(120,000)	37,000	19,718,443	(3,596,201)	1,321,715
Deliver an ambitious industrial strategy (ALB) net	(16,387)	365	(8,954)	(13,310)	4,140
Taking action on climate change and decarbonisation (ALB) net	-	-	-	54	74
Managing our energy legacy safely and responsibly (ALB) net	-	-	-	-	558
Science and Research (ALB) net	(59,692)	(59,496)	(53,610)	(57,467)	(75,887)
Government as Shareholder (ALB) net	(11,143)	(3,051)	(221)	(4,975)	-
Managing our energy legacy safely and responsibly (CFER)	(141,811)	(142,400)	(142,400)	(142,400)	(142,400)
Total Capital AME	(312,409)	(136,900)	19,543,887	(3,789,642)	1,128,143
Of which:
– Staff costs	(15,325)	(14,078)	(19,813)	(17,149)	(18,269)
– Purchase of goods and services	(2,330)	(4,890)	3,149	(1,169)	(778)
– Take up of provisions	-	-	-	349	632
– Capital grants to private sector companies (net)	-	-	19,781,449	(3,524,201)	1,266,715
– Capital support for public corporations	(120,000)	37,000	(63,006)	(72,000)	55,000
– Net lending to the private sector and abroad	(169,341)	(145,086)	(151,575)	(160,685)	(138,260)
– Other capital	(5,413)	(9,846)	(6,317)	353,213	(36,897)
Total Capital Budget	10,644,952	11,091,017	39,993,863	17,202,750	18,020,711
Total Departmental spending [Note 3]	(92,442,138)	27,936,927	51,465,791	130,913,586	(49,962,503)
Of which:
– Total DEL	11,891,953	13,734,822	42,676,336	29,368,495	31,131,233
– Total AME	(104,334,091)	14,202,105	8,789,455	101,545,091	(81,093,736)

Referenced notes:

1. Includes impairments
2. Pension schemes report under FRS 17 accounting requirements. These figures therefore include cash payments made and contributions received, as well as certain non-cash items
3. Total departmental spending is the sum of the resource budget and the capital budget less depreciation. Similarly, total DEL is the sum of the resource budget DEL and capital budget DEL less depreciation in DEL, and total AME is the sum of resource budget AME and capital budget AME less depreciation in AME.

Other notes:

The large increase in spend in 2020-21 on Deliver an ambitious industrial strategy Resource DEL is due to the COVID-19 Business Support Grants (also reflected in the increase for Subsidies to private sector companies and Current grants to local government).

The large increase in spend in 2020-21 on Science and Research Resource DEL is due to the Vaccines Taskforce.

The large increase in spend in 2020-21 and 2021-22 on Government as Shareholder Resource DEL is due to the COVID-19 business support loans.

The large increase in spend in 2019-20 and decrease in 2020-21 on Deliver an ambitious industrial strategy Resource AME is due to the provision raised in 2019-20 for COVID-19 Business Support Grants.

The large increase in spend in 2020-21 on Managing our energy legacy safely and responsibly Capital DEL is due to the Nuclear Liabilities Fund.

The large increase in spend in 2020-21 on Government as Shareholder Capital AME is due to the COVID-19 business support loans.

2019-20 outturn figures differ slightly between lines from those shown in the Statement of Parliamentary Supply as expenditure for Insolvency Service is shown here against Promote competitive markets and responsible business practices and for Financial Reporting Council against Promote competitive markets and responsible business practices (ALB) to reflect current Estimate structures, but was recorded against Government as Shareholder and Government as Shareholder (ALB) respectively in the 2019-20 Estimate.

Resource DEL expenditure for Nuclear Safeguards Development in 2017-18 was funded through a Contingencies Fund advance, pending passage of the Nuclear Safeguards Bill through Parliament. Repayment of that advance in 2018-19 was made against Capability DEL, offset by the credit shown against Nuclear Safeguards Development.

The receipt in 2018-19 against Managing our energy legacy safely and responsibly (CFER) Resource DEL relates to income from coal pension scheme surpluses.

The figures for Depreciation in Resource AME include the movement in fair value for Contracts for Difference, shown against Taking action on climate change and decarbonisation and Taking action on climate change and decarbonisation (ALB).

The large movements in take up of provisions within Resource AME in 2017-18 and 2018-19 is due to movements in the long term discount rate for provisions. This largely impacts the lines for Nuclear Decommissioning Authority and Managing our energy legacy safely and responsibly (ALB).

In their role as administrator of the Government’s GB Renewable Heat Incentive scheme, Ofgem made payments to scheme participants totalling £1,009,748,110.29 in the financial year 2022-23. Based on Ofgem’s sampling of the population and subject to our detailed assumptions, we can be 95% confident that the estimated value of error for GB Renewable Heat Incentive scheme payments made or accrued in the financial year 2022-23 is between the upper and lower limits of £9,256,397 and £5,078,679. Based on the same assumptions, the most likely estimated value of error for the same period is £7,167,538. This is 0.7% of scheme spend in 2022-23.

Table 2 - Administration budget, 2018-19 to 2022-23

	2018‑19 Outturn £’000	2019‑20 Outturn £’000	2020‑21 Outturn £’000	2021‑22 Outturn £’000	2022‑23 Outturn £’000
Resource DEL
Promote competitive markets and responsible business practices	4,680	5,093	5,372	4,083	4,220
Science and Research	-	(2)	-	-	1
Capability	350,166	384,234	446,132	459,170	539,053
Promote competitive markets and responsible business practices (ALB) net	8,783	7,779	8,553	8,989	9,467
Taking action on climate change and decarbonisation (ALB) net	3,353	5,354	4,465	4,098	6,047
Managing our energy legacy safely and responsibly (ALB) net	6,912	4,833	5,112	4,485	2,816
Science and Research (ALB) net	5,547	7,410	7,120	6,182	4,011
Capability (ALB) net	30,475	34,693	11,103	12,379	14,576
Government as Shareholder (ALB) net	62	105	61	74	109
NDA and SLC expenditure (ALB) net	50,612	52,929	54,925	35,456	30,323
Total Administration Budget	460,590	502,428	542,843	534,916	610,623
Of which:
– Staff costs	385,642	434,897	482,310	478,830	522,963
– Purchase of goods and services	177,288	162,338	167,999	193,797	238,556
– Income from sales of goods and services	(10,220)	(3,726)	(3,092)	(2,345)	(3,353)
– Current grants to persons and non-profit bodies (net)	425	325	818	437	790
– Current grants abroad (net)	184	538	572	423	720
– Subsidies to public corporations	28	-	-	4	2
– Net public service pensions	(12)	(13)	(19)	-	-
– Rentals	22,485	33,391	35,883	324	163
– Depreciation	18,850	26,902	28,914	38,075	41,044
– Take up of provisions	-	3	-	-	-
– Change in pension scheme liabilities	141	205	100	60	(6)
– Other resource	(134,221)	(152,432)	(170,642)	(174,689)	(190,256)

Annex B: Financial information by ALB

The table below shows the total operating income, total operating expenditure, net expenditure for the year, and staff numbers and costs for each of our ALBs.

The figures below will not tie directly to the published ALB accounts as they include some adjustments which would have been captured in the ALB’s accounts in the previous year.

The staff costs and numbers for nuclear site licence companies (SLCs) are not included in the table below - as they are included in the amount shown for utilisation in the NDA’s nuclear decommissioning provision in note 20.

Financial Information by ALB

2022-23

	Total Operating income (£m)	Total Operating expenditure (£m)	Net expenditure for the year (including financing) (£m)	Permanently employed staff: Number of employees	Permanently employed staff: Staff costs (£m)	Other staff: Number of employees	Other staff: Staff costs (£m)
Core Department	(348)	61,828	61,450	5,759	408	234	18
UK Space Agency	(1)	650	648	259	17	2	5
Insolvency Service	(60)	410	350	1,581	78	87	10
Companies House	(89)	106	17	1,210	50	125	10
Competition Service	-	5	5	21	3	-	-
Diamond Light Source Ltd	(104)	118	14	690	51	111	3
Financial Reporting Council Ltd	(51)	51	-	418	39	-	1
UK SBS Ltd	(48)	49	1	581	26	41	3
National Endowment for Science Technology and the Arts	(3)	14	42	-	-	-	-
United Kingdom Atomic Energy Authority	(255)	261	(2)	1,704	113	603	36
ACAS	(4)	62	58	921	47	53	-
BIS (Postal Services Act 2011) Company Limited	-	(1)	(9)	-	-	-	-
Enrichment Holdings Limited	-	-	(333)	-	-	-	-
BBB PLC	(94)	176	145	562	52	-	4
Oil And Gas Authority	(36)	36	-	195	19	4	-
Northern Powerhouse Investment Limited	(1)	3	-	-	-	-	-
NDA	(974)	(103,758)	(107,709)	360	47	52	4
Coal Authority	(17)	(3,371)	(3,348)	319	19	13	1
Civil Nuclear Police Authority	(134)	130	(4)	1,575	98	16	-
Radioactive Waste Management	(106)	106	-	397	40	100	14
Electricity Settlements Company	(686)	686	-	-	-	-	-
UK Climate Investments LLP	(1)	4	-	-	-	-	-
Sellafield Limited	-	-	-	-	-	-	-
Low Carbon Contracts Company	13,472	19	-	107	10	10	-
Midlands Engine Investments Limited	(9)	2	-	-	-	-	-
UK Green Infrastructure Platform	-	-	-	-	-	-	-
Cornwall and Isles of Scilly	-	-	-	-	-	-	-
Salix	(1)	11	10	125	6	4	-
Sizewell C	-	-	-	-	-	-	-
UKRI	(281)	9,571	9,282	7,035	482	1,595	39
Consolidation adjustments	(12,862)	(13,629)	(27,046)	-	-	-	1
Total Departmental Group	(2,693)	(46,461)	(66,429)	23,819	1,605	3,050	149

Notes:

(i) Note that the UKRI figures do not contain intragroup UKRI eliminations, as these are shown within the total Consolidation Adjustments row.

Annex C: Glossary

ACAS: Advisory, Conciliation and Arbitration Service

AFP NI: Alternative Fuel Payment Northern Ireland

AGR: Advanced Gas-cooled Reactor

ALB: Arm’s-Length Bodies

AME: Annually Managed Expenditure

AQuA: Analytical Quality Assurance

ARAC: Audit and Risk Assurance Committee

ARG: Additional Restrictions Grants

BBB: British Business Bank Plc

BBLS: Bounce Bank Loan Scheme

BCSSS: British Coal Staff Superannuation Scheme

BEIS: Department for Business, Energy and Industrial Strategy

BNFL: British Nuclear Fuels Ltd

BVCA: British Venture Capital Association

CBILS: Coronavirus Business Interruption Loan Scheme

CARS: Coal Authority Restructuring Schemes

CCA: Climate Change Agreements

CCC: Climate Change Committee

CCUS: Carbon Capture Usage and Storage

CETV: Cash Equivalent Transfer Values

CFER: Consolidated Fund Extra Receipts

CfD: Contracts for Difference

CLBILS: Coronavirus Large Business Interruption Loan Scheme

CNPA: Civil Nuclear Police Authority

CNPP: Civil Nuclear Pension Plan CO: Cabinet Office

COVID-19: Coronavirus pandemic

CRC: Carbon Reduction Commitment

CSOPS: Civil Servant and Other Pension Scheme

CSP: Christmas Support Package

DA: Devolved Administration

DBT: Department for Business and Trade

DCMS: Department for Digital, Culture, Media & Sport

DDM: Dynamic Dispatch Model

DEL: Departmental Expenditure Limit

DESNZ: Department for Energy Security and Net Zero

DLUHC: Department for Levelling Up, Housing and Communities

DSIT: Department for Science, Innovation and Technology

EBRS: Energy Bill Relief Scheme

EBSS: Energy Bills Support Scheme

EBSS NI: Energy Bills Support Scheme Northern Ireland

ECL: Expected Credit Loss

EDI: Equality Diversity and Inclusion

EPG: Energy Price Guarantee

ESA: European Space Agency

ESC: Electricity Settlements Company

EU: European Union

EU ETS: EU Emissions Trading Scheme

EUV: Existing-Use Value

FCDO: Foreign Commonwealth and Development Office

FDP: Funded Decommissioning Programme

FF: Future Fund scheme

FIDeR: Financial Investment Decision Enabling for Renewables

FRA: Fraud Risk Assessment

FReM: Government Financial Reporting Manual

FVTOCI: fair value through other comprehensive income

FVTPL: fair value through profit or loss

GBN: Great British Nuclear

GDF: Geological Disposal Facility

GDP: Gross Domestic Product

GIAA: Government Internal Audit Agency

GID: Government Investment Decision

GGC: Greening Government Commitments

GHG: Green House Gas

GMPP: Government Major Projects Portfolio

GRAA: Government Resources and Accounts Act

GSG: Government Security Group

HMG: HM Government

HMT: HM Treasury

HPC: Hinkley Point C

IAS: International Accounting Standards

ICF: International Climate Fund

IETF: Industrial Energy Transformation Fund

IFRS: International Financial Reporting Standards

ILL: Institut Laue-Langevin

INSS: Insolvency Service

IPEV: International Private Equity and Venture Capital

IRIG: Integrated Review Implementation Group

ISPF: International Science Partnerships Fund

LADGF: Local Authority Discretionary Grant Fund

LCCC: Low Carbon Contracts Company Ltd

LCREE: Low Carbon and Renewable Energy Economy

LRSG: Local Restriction Support Grants

MOG: Machinery Of Government

MPM: Managing Public Money

MRC: Medical Research Council

NAO: National Audit Office

NATIS: National Investigation Service

NDA: Nuclear Decommissioning Authority

NDPB: non-departmental public bodies

NESTA: National Endowment for Science, Technology and the Arts

NIF: National Insurance Fund

NLF: Nuclear Liabilities Fund

NaLF: National Loans Fund

NNBG: NNB Generation Company (HPC) Limited

NNHL: National Nuclear Holdings Ltd

NSTA: North Sea Transition Authority

OCI: Other Comprehensive Income

ODA: Official Development Assistance

Ofgem: Office of Gas and Electricity Markets

OGA: Oil and Gas Authority

OHLG: Omicron Hospitality and Leisure Grant

ONS: Office for National Statistics

PCFP: Parliamentary Contributory Pension Fund

PCSPS: Principal Civil Service Pension Scheme

PDC: Public Dividend Capital

PES: Public Expenditure System

PIC: Projects and Investment Committee

PO: Partner Organisations

POL: Post Office Ltd

POPCO: People and Operations Committee

PPE: Property, Plant and Equipment

PSED: Public Sector Equality Duty

PSFA: Public Sector Fraud Authority

PV: Present Value

QA: Quality Assurance

R&D: Research and Development

RHLGF: Retail, Hospitality and Leisure Grant Fund

RLS: Recovery Loans Scheme

RPS: Redundancy Payment Services

RSL: Replacement Sea Line

SBGF: Small Business Grant Fund

SCS: Senior Civil Servant

SDG: Sustainable Development Goals

SI: Statutory Instrument

SLC: Site Licence Company

SME: Small and Medium sized Enterprise

SOCNE: Statement of Comprehensive Net Expenditure

SOFP: Statement of Financial Position

SOPS: Statement of Outturn against Parliamentary Supply

SOSIA: Secretary of State Investor Agreement

STFC: Science and Technology Facilities Council

TCA: Trade and Cooperation Agreement

TCD: Target Commissioning Date

TCW: Target Commissioning Window

TLM: Transmission Loss Multiplier

TME: Total Managed Expenditure

UKAEA: UK Atomic Energy Authority

UKRI: UK Research and Innovation

UKSA: UK Space Agency

UKSBS: UK Shared Business Services Ltd

VAT: Value-Added Tax

WTC: Waste Transfer Contract

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