Government Finance Profession

Finance Transformation Program

The Finance Transformation Programme (FTP) aims to strengthen financial discipline and achieve a fundamental shift in public sector culture so it becomes more commercial, adaptable and innovative – putting finance at the centre of decision making.

Overview

The FTP was launched in January 2011 with the publication of its ‘foundation’ document Managing Taxpayers’ Money Wisely. http://www.hm-treasury.gov.uk/psr_managing_taxpayers_money.htm The FTP focuses on four ‘enablers of success’ (see vision grid below):

• effective leadership – driving performance from the top;
• cost conscious culture – so every decision is built on informed financial assessment;
• professionalism – so that all public servants have financial awareness; and
• expert central functions – providing the strategy to work toward common goals.

The FTP priority work streams are:

• Finance Capability (led by DWP)
• Finance and Commercial Awareness for Non-Finance Professionals (led by MoJ)
• VFM and Efficiency (led by DfT)
• Cost Effective Finance Functions (led by BIS
• Expenditure and Control Frameworks (led by HO)
• Management Information and Reporting (led by DCLG)