House of Commons · Written Ministerial Statement
Contingency Fund Advance: MOD 2023-24 funding
29 February 2024 · Ministry of Defence
Proposed by Grant Shapps Con Welwyn Hatfield
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Minister of State for Defence, Grant Shapps, requested additional funding from the Contingencies Fund for the Ministry of Defence's cash requirements.
- Parliamentary approval is sought for an extra 2,450,000,000 and 750,000,000 in capital through a Supplementary Estimate.
- Pending approval, urgent expenditure of 3,200,000,000 will be covered by repayable cash advances from the Contingencies Fund.
Issue summary
The statement addresses the need for additional funding from the Contingencies Fund to cover the Ministry of Defence's (MOD) cash requirements before a Supplementary Estimate receives Royal Assent.
Action requested
Parliamentary approval is sought for an additional £2,450,000,000 and £750,000,000 in capital to be provided through a Supplementary Estimate. Pending this approval, urgent expenditure of £3,200,000,000 will be met by repayable cash advances from the Contingencies Fund.
Key facts
- The Ministry of Defence requires additional funding exceeding that provided by the Main Estimate 2023-2024.
- An urgent expenditure of £3,200,000,000 will be met with repayable cash advances from the Contingencies Fund pending parliamentary approval.
- Parliamentary approval for an additional £2,450,000,000 and £750,000,000 in capital is sought through a Supplementary Estimate.
- The request has been agreed with HM Treasury and does not affect the MOD’s Departmental Expenditure Limit position.