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<p>The estimated annual cost of fraud and financial error in each of the last five
years in the Department for Business, Innovation and Skills (BIS) and its forty six
partner organisations is estimated to be about £50-100m. This represents some 0.5%
of total annual BIS spending on average.</p><p> </p><p> </p><p> </p><p>Nearly all
of this estimated figure relates to the error rate (made by applicants and officials)
on student support, although that has declined in successive years from over 1% to
some 0.5% in the latest year (2013-14) for which data is available.</p><p> </p><p>
</p><p> </p><p>The Department and all its partner organisations are now working closely
with each other and with other Departments, led by the Cabinet Office, and other organisations
inside and outside central government to improve the prevention, detection, measurement
and early recovery of losses from fraud and error.</p><p> </p><p> </p><p> </p><p>I
have asked Chief Executives of the Executive Agencies to respond directly to the Hon
Member. This information is not held by BIS in respect of non-Departmental Public
Bodies.</p><p> </p>
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