Contingencies Fund Advance

Thursday 28th January 2021 Written Statements

[The Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office (Michael Gove)]

The Cabinet Office has sought a repayable cash advance from the Contingencies Fund of £429,000,000.

The requirement has arisen due to increased costs relating to urgent expenditure, including that relating to the covid-19 response.

Parliamentary approval for additional resources of £429,000,000 will be sought in the supplementary estimate for the Cabinet Office. Pending that approval, urgent expenditure estimated at £429,000,000 will be met by repayable cash advances from the Contingencies Fund.

[HCWS744]