Contingencies Fund Advance
- 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]
Covid-19: Use of Industrial Development Act 1982
- 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-employment 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 fourth quarter of 2020, from 1 October to 31 December 2020, in accordance with the Coronavirus Act. It also covers, for the first time, coronavirus-related spending of the Department for Environment, Food and Rural Affairs.The written ministerial statement covering the third quarter of 2020 was published on 9 March 2021.Spend under the Coronavirus Act2020Under 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 October to 31 December 2020, the following expenditures were incurred:
Actual expenditure of assistance provided by Her Majesty’s Government from 1 October to 31 December 2020, including expenditure by DEFRA in earlier quarters not previously notified.
£957,000,978
All expenditure of assistance provided by Her Majesty’s Government from 25 March 2020.
£1,651,946,560