Business, Energy and Industrial Strategy: Contingencies Fund Advance
(3 years, 11 months ago)
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The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Paul Scully)
I hereby give notice that the Department for Business, Energy and Industrial Strategy will draw an advance from the contingencies fund totalling £5,023,479,000 to enable expenditure on covid-19 support packages for business to be spent ahead of the passage of the Supply and Appropriation Act in March 2021. The funding will go towards the following schemes: Local Restrictions Support Grant (close) scheme Closed Businesses Lockdown Payment Additional Restrictions Grant scheme Total £m RDEL 1,508.1 3,015.4 500.0 5,023.5
Local Restrictions Support Grant (LRSG) (closed)—grants of up to £3,000 per four weeks for closed businesses:
The Closed Businesses Lockdown Payment—one-off grants worth up to £9,000 per business property;
a £500 million top up to the Additional Restrictions Grant (ARG) scheme in England.
Parliamentary approval for additional resources of £5,023,479,000 will be sought in a supplementary estimate for the Department for Business, Energy and Industrial Strategy. Pending that approval, urgent expenditure estimated at £5,023,479,000 will be met by repayable cash advances from the Contingencies Fund.
The cash advance will be repaid upon receiving Royal Assent on the Supply and Appropriation Bill.
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