Business, Energy and Industrial Strategy: Contingencies Fund Advance

(Limited Text - Ministerial Extracts only)

Wednesday 13th January 2021 Written Statements

[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 (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.