Contingencies Fund Advance Debate
Full Debate: Read Full DebateDepartment: Department for Levelling Up, Housing & Communities
Paul Scully
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Contingencies Fund Advance
Paul Scully Excerpts(3 years, 2 months ago)
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The Parliamentary Under-Secretary of State for Business, Energy and Industrial Strategy (Paul Scully)
I hereby give notice of the Department for Business, Energy and Industrial Strategy having drawn an advance from the Contingencies Fund totalling £3,380,663,000 to enable expenditure on covid-19 support packages for business to be spent ahead of the passage of the Supply and Appropriation Act.
The funding is required for the Restart Grant scheme.
Parliamentary approval for additional resources of £3,380,663,000 will be sought in a main estimate for the Department for Business, Energy and Industrial Strategy. Pending that approval, urgent expenditure estimated at £3,380,663,000 has been met by repayable cash advances from the Contingencies Fund.
The cash advance will be repaid upon receiving the Supply and Appropriation Act.
[HCWS29]