Chapter 1: New Financial Assistance Powers Section 6: Monitoring impact of financial assistance etc
This section places a duty on the Secretary of State to monitor the impact of financial assistance schemes under section 1 and requires these reports to be published and laid before Parliament.
	Subsection (1) requires the Secretary of State to monitor the impact of financial assistance schemes. This could include, for example, monitoring the level of uptake of the schemes, the extent to which the actions required under these schemes have been taken, and an assessment of the extent to which public goods have been delivered. The Secretary of State must then make reports on the impact and effectiveness of the financial assistance schemes.
	Subsection (2) enables the Secretary of State to monitor the impact of financial assistance given other than through financial assistance schemes made or operated on behalf of the Secretary of State, and to make reports on the impact and effectiveness of the financial assistance given. This would enable the Secretary of State to monitor the impact and make a report on the impact and effectiveness on, for example, a scheme made or operated by a third party.
	Subsection (3) allows that monitoring under subsections (1) and (2) must be carried out in such a manner and for such period or periods as the Secretary of State feels appropriate for the scheme or financial assistance in question. This allows the mechanisms and length of monitoring to be adapted to reflect the scheme or type of financial assistance in question, and to reflect the period over which any effects would be expected to become apparent.
	Subsection (4) allows that the number and frequency of reports made under subsections (1) and (2) to be as the Secretary of State considers appropriate for the scheme or type of financial assistance in question. This allows reporting periods to be matched to the schemes in question, and to reflect the period over which any effects would be expected to become apparent.
	Subsection (5) requires that reports prepared under this section must be published and laid before parliament.