Commons Sense

House of Commons · Written Ministerial Statement

Use of the Industrial Development Act 1982 for Coronavirus related assistance

07 March 2022 · Department for Business, Energy and Industrial Strategy

Proposed by Lee Rowley Con North East Derbyshire

Business & Trade

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • The statement addresses expenditure and reporting requirements under the Industrial Development Act 1982 for coronavirus assistance.
  • The report covers expenditures from July 1 to September 30, 2021, detailing spending by various departments.
  • The total actual expenditure during this quarter was 345,600,487, with 319,134,569 provided by the Department for Business, Energy and Industrial Strategy.

Issue summary

This statement addresses the expenditure and reporting requirements under the Industrial Development Act 1982 related to coronavirus assistance.

Action requested

The report covers expenditures made from July 1 to September 30, 2021, under the Coronavirus Act 2020, detailing spending by various departments. The total actual expenditure during this quarter was £345,600,487, with £319,134,569 provided by the Department for Business, Energy and Industrial Strategy.

Key facts

  • Total actual expenditure of assistance from July 1 to September 30, 2021: £345,600,487.
  • Actual expenditure by Department for Business, Energy and Industrial Strategy: £319,134,569.
  • Contingent liability under the Coronavirus Act 2020 from July 1 to September 30, 2021: £2,353,852,730.
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