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Use of the Industrial Development Act 1982 for Coronavirus related assistance

07 March 2022

Proposing MP
North East Derbyshire
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy

At a Glance

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.
Assessment & feedback
Summary accuracy