Contingency Fund Advance: UKAEA Pension Scheme

(Limited Text - Ministerial Extracts only)

Wednesday 12th February 2025 Written Statements

[The Parliamentary Under-Secretary of State for Energy Security and Net Zero (Kerry McCarthy)]

I hereby give notice of the Department for Energy Security and Net Zero’s intention to seek an advance from the Contingencies Fund of £55,000,000 for the UK Atomic Energy Authority pension schemes. This is a cash request to enable pension payments to be made as they fall due.

Parliamentary approval for additional cash of £55,000,000 will be sought in a supplementary estimate for UK Atomic Energy Authority pension schemes. Pending that approval, urgent expenditure estimated at £55,000,000 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 (Anticipation and Adjustments) Bill.

[HCWS441]