Contingencies Fund Advance Debate
Full Debate: Read Full DebateDepartment: Department for International Trade
Graham Stuart
Main Page: Graham Stuart (Conservative - Beverley and Holderness)Department Debates - View all Graham Stuart's debates with the Department for International Trade
Contingencies Fund Advance
Graham Stuart Excerpts(4 years ago)
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The Parliamentary Under-Secretary of State for International Trade (Graham Stuart)
UK Export Finance is seeking a repayable cash advance from the Contingencies Fund of £500,000. The requirement has arisen due to an urgent need to refresh its existing IT equipment (laptops) to meet the needs of the Department and manage its response to covid-19.
Parliamentary approval for additional capital of £500,000 will be sought in a supplementary estimate for UK Export Finance. Pending that approval, urgent expenditure estimated at £500,000 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.
[HCWS737]