Committee publication · Estimate memoranda · 13 May 2026
NS&I 2026-27 Main Estimates tables
From: Treasury Committee
Summary
NS&I's 2026-27 Main Estimates request £397.3m in resource spending and £81.4m in capital spending to administer savings products and customer services. The organisation is transitioning from a single-supplier model (Atos contract to March 2028) to a multi-supplier operating model, with a Full Business Case due Q2 2026-27. Key funding supports administration, transformation activity, and leveraged services.
Key findings
- Net resource requirement of £397.3m (2026-27), up from £357.7m in 2025-26, representing 11% increase year-on-year
- Capital expenditure of £81.4m planned for 2026-27, down from £89.3m in 2025-26
- Atos contract (Public-Private Partnership) represents significant portion of estimate; extended with Cabinet Office and HM Treasury approval to March 2028
- NS&I transformation programme to shift from single-supplier to multi-supplier model, with costed options under development for ministerial submission
- Contingent liabilities of £1.6bn for fraud losses and £460m for operational losses identified
Tone
ProceduralTopics
public-financegovernment-operationssavings-productsprocurement
Key actors
National Savings and Investments, Atos, HM Treasury, Cabinet Office, Sir Jim Harra
Notable line
“National Savings and Investments is revising its operating model from a single-supplier model to a multi-supplier model through its ongoing Transformation Programme.”
Key Quotes
“National Savings and Investments aims to inspire a stronger savings culture and believes everyone should have the opportunity to save confidently.”
“In May 2013 following a competitive tender, National Savings and Investments entered into a new seven- year Public-Private Partnership contract with Atos for the provision of operational services, which came into effect on 1 April”
“National Savings and Investments is revising its operating model from a single-supplier model to a multi-supplier model through its ongoing Transformation Programme.”
Source · parliament.uk record ↗