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Ministry of Defence Contingency Fund… · Order Paper · Order Paper

HANSARDCommons25 Feb 20251 contribution

Ministry of Defence Contingency Fund Advance: 2024-25

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The Secretary of State for Defence (John Healey)
LabourRawmarsh and Conisbrough
The Ministry of Defence new cash requirement for the year exceeds that provided by the main estimate 2024-25. The supplementary estimate has not yet received Royal Assent.
The Contingencies Fund advance is required to meet commitments until the supplementary estimate receives Royal Assent, at which point the Ministry of Defence will be able to draw down the cash from the Consolidated Fund in the usual way, to repay the Contingencies Fund advance.
Parliamentary approval for additional resources of £250,000,000 and £250,000,000 of capital will be sought in a supplementary estimate for the Ministry of Defence. Pending that approval, urgent expenditure estimated at £500,000,000 will be met by repayable cash advances from the Contingencies Fund.
This is separate and additional to the advance sought on 6 January 2025 to fund the transaction to purchase 36,347 properties from Annington Property Ltd.
[HCWS468]