Contingencies Fund Advance Debate
Full Debate: Read Full DebateDepartment: Department for Education
Gavin Williamson
Main Page: Gavin Williamson (Conservative - Stone, Great Wyrley and Penkridge)Department Debates - View all Gavin Williamson's debates with the Department for Education
Contingencies Fund Advance
Gavin Williamson Excerpts(3 years, 11 months ago)
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The Secretary of State for Education (Gavin Williamson)
The Department for Education has sought a repayable cash advance from the Contingencies Fund of £1,550,000,000.
The requirement has arisen due to increased costs relating to essential expenditure, including that relating to the covid-19 response. The funds associated with this estimate will not be released until the Supply and Appropriation Bill achieves Royal Assent in early March 2021.
Parliamentary approval for additional resources of £852,500,000 and capital of £697,500,000 has been sought in a supplementary estimate. Pending that approval, expenditure estimated at £1,550,000,000 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 Bill.
[HCWS812]