Industrial Development Act : Coronavirus-related Assistance

Wednesday 21st July 2021

(3 days, 8 hours ago)

Written Statements

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Department for Business, Energy and Industrial Strategy
Paul Scully Portrait The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Paul Scully)
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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.

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-Employed 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 first quarter of 2021, from 1 January to 31 March 2021, in accordance with the Coronavirus Act.

The written ministerial statement covering the fourth quarter of 2020 was published on 17 May 2021.

Spend under the Coronavirus Act 2020

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 January to 31 March 2021, the following expenditures were incurred:

Actual expenditure of assistance provided by Her Majesty’s Government from 1 January to 31 March 2021£1,058,687,252All expenditure of assistance provided by Her Majesty’s Government from 25 March 2020£2,699,037,690

Actual expenditure of assistance provided by Her Majesty’s Government from 1 January to 31 March 2021

£1,058,687,252

All expenditure of assistance provided by Her Majesty’s Government from 25 March 2020

£2,699,037,690

Expenditure by Department

Actual expenditure of assistance from 1 January to 31 March 2021 provided by:

Department for Business, Energy and Industrial Strategy£968,013,744Department for Transport£86,925,000Department for Environment, Food & Rural Affairs£3,748,507

Department for Business, Energy and Industrial Strategy

£968,013,744

Department for Transport

£86,925,000

Department for Environment, Food & Rural Affairs

£3,748,507

Contingent liability under the Coronavirus Act 2020

Contingent liability of assistance provided by the Secretary of State from 1 January to 31 March 2021£5,666,529,651All contingent liability of assistance provided by the Secretary of State from 25March 2020£66,855,181,895

Contingent liability of assistance provided by the Secretary of State from 1 January to 31 March 2021

£5,666,529,651

All contingent liability of assistance provided by the Secretary of State from 25March 2020

£66,855,181,895

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