Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, if she will take steps to recover funds paid from the public purse to former employees of Greensill Capital Management Company.

The Government's Redundancy Payments Service seeks to recover all monies paid out from the National Insurance Fund to the employees of an insolvent company. The Redundancy Payments Service submitted a claim to the Administrators of Greensill Capital Management Company (UK) Ltd on 27 April 2023 for £2,004,511.

Any funds available for distribution in an insolvent company will be paid out by the Administrators in accordance with the statutory order of priority for creditor payments. Funds received by the Redundancy Payments Service will be repaid to the National Insurance Fund.