Contingencies Fund Advance: Covid-19 Business Support Debate
Full Debate: Read Full DebateDepartment: Ministry of Housing, Communities and Local Government
Paul Scully
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Contingencies Fund Advance: Covid-19 Business Support
Paul Scully Excerpts(4 years, 9 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 £2,262,587,000 to enable expenditure on covid-19 support packages for business to be spent ahead of the passage of the Supply and Appropriation Bill in March 2021. The schemes are:
Local Restrictions Support Grant (LRSG) (closed) and (open) schemes
Additional Restrictions Grant (ARG) scheme.
Local Restrictions Support Grant (closed) scheme | Local Restrictions Support Grant (open) scheme | Additional Restrictions Grant scheme | RDEL Total £m |
1,005.4 | 126.3 | 1,130.9 | 2,262.6 |
The funding is urgently required to support businesses during the coronavirus pandemic.
Parliamentary approval for additional resources of £2,262,587,000 will be sought in a supplementary estimate for the Department for Business, Energy and Industrial Strategy. Pending that approval, urgent expenditure estimated at £2,262,587,000 has been 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.
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