NAO publishes results of investigation into CRF funding
The National Audit Office found that £495m of Culture Recovery Fund grants and loans have been paid out so far, and identified a handful of cases of fraud
News By IQ | 12 March 2021
The National Audit Office (NAO), the UK’s public spending watchdog, has found that just over half of the grants and loans awarded as part of the £1.57 billion Culture Recovery Fund (CRF) had been paid out as of February.
In a report, Investigation into the Culture Recovery Fund, published this morning (12 March), the NAO reveals that of the £830 million in CRF funding awarded so far, only £495m had been paid by 19 February.
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The CRF, which was set up last year…
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