Contingencies Fund Advance: the Parliamentary Works Sponsor Body

In April 2020, the Commissions of both Houses agreed funding for the restoration and renewal programme for April to June 2020 of £27,500,000 which was laid before the House of Commons on 4 May as the initial Main Estimate for 2020-21. In June, the Commissions of both Houses agreed funding for the programme for July 2020 to March 2021 of £98,700,000 which will be laid before the House of Commons as a Supplementary Estimate for 2020-21 during the current financial year. Ahead of the Supplementary Estimates being voted on towards the end of the 2020-21 financial year, a cash advance has been sought from HM Treasury in order to enable the continued operation of the programme.

Parliamentary approval for additional resources of £96,230,000 and capital of £2,470,000 will be sought in a Supplementary Estimate for the Parliamentary Works Sponsor Body. Pending that approval, urgent expenditure estimated at £98,700,000 will be met by repayable cash advances from the contingencies fund.

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