Covid-19: Use of Industrial Development Act 1982
(Limited Text - Ministerial Extracts only)
Read Full debate
The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Paul Scully)
I am tabling this statement for the benefit of hon. Members to bring to their attention spend under the Industrial Development Act 1982. In addition to the obligation to report on spend under the Industrial Development Act annually, the Coronavirus Act 2020 created a new quarterly reporting requirement for spend which has been designated as coronavirus-related under the Coronavirus Act. This statement fulfils that purpose. Actual expenditure of assistance provided by Her Majesty’s Government from 1 October to 31 December 2020, including expenditure by DEFRA in earlier quarters not previously notified. £957,000,978 All expenditure of assistance provided by Her Majesty’s Government from 25 March 2020. £1,651,946,560 Department for Business, Energy and Industrial Strategy £943,967,558 Department for Environment, Food & Rural Affairs, including expenditure in earlier quarters not previously notified £13,033,420 First quarter 2020 (1 January-31 March) NIL Second quarter 2020 (1 April-30 June) £39,179,062 Third quarter 2020 (1 July-30 September) £2,532,544 Fourth quarter 2020 (1 October-31 December) £1,321,814 Total reported for the first time in this fourth quarter report £13,033,420 Contingent liability of assistance provided by the Secretary of State from 1 October to 31 December 2020 £11,746,523,334 All contingent liability of assistance provided by the Secretary of State from 25 March 2020 £61,188,652,244
The statement also includes a report of the movement in contingent liability during the quarter. Hon. Members will wish to note that measures such as local authority grants, the coronavirus job retention scheme and self-employment income support scheme, and tax measures such as the suspension of business rates are not provided under the Industrial Development Act 1982 and hence are not included below.
This report covers the fourth quarter of 2020, from 1 October to 31 December 2020, in accordance with the Coronavirus Act. It also covers, for the first time, coronavirus-related spending of the Department for Environment, Food and Rural Affairs.
The written ministerial statement covering the third quarter of 2020 was published on 9 March 2021.
Spend under the Coronavirus Act2020
Under the Coronavirus Act 2020, there is a requirement to lay before Parliament details of the amount of assistance designated as coronavirus-related provided in each relevant quarter. In the period from 1 October to 31 December 2020, the following expenditures were incurred:
Expenditure by Department
Actual expenditure of assistance from 1 October to 31 December 2020 provided by:
First inclusion of Department for Environment, Food and Rural Affairs spend under the Coronavirus Act2020
Under the Coronavirus Act 2020, there is a requirement to lay before Parliament details of the amount of assistance designated as coronavirus-related provided in each relevant quarter. This requirement is fulfilled by the table below. Expenditure by the Department for Environment, Food and Rural Affairs is being included for the first time within this fourth quarter report.
Actual expenditure of assistance provided by the Department for Environment, Food and Rural Affairs in 2020, by quarter:
Contingent liability under the Coronavirus Act2020
[HCWS30]