The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Nadhim Zahawi)
I hereby give notice of the Department for Business, Energy and Industrial Strategy having drawn advances from the Contingencies Fund totalling £12,409,000,000 to enable expenditure on covid-19 support packages for business to be spent ahead of the passage of the Supply and Appropriation Act. The schemes are:
Small business grant scheme
Grant scheme for retail, hospitality, and leisure sectors
Small business grant scheme | Grant scheme for retail, hospitality, leisure sectors | Total £m | |
|---|---|---|---|
RDEL | 7,330 | 5,079 | 12,409 |
The funding is urgently required to support businesses during the coronavirus pandemic, and to enable local authorities to administer the scheme.
Parliamentary approval for additional resources of £12,409,000,000 will be sought in a main estimate for the Department for Business, Energy and Industrial Strategy.
Pending that approval, urgent expenditure estimated at £12,409,000,000 has been met by repayable cash advances from the Contingencies Fund.
The cash advances will be repaid upon receiving Royal Assent on the Supply and Appropriation Bill.
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