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Use of the Industrial Development Act 1982 for Coronavirus related assistance
29 June 2022
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy
At a Glance
Issue Summary
The statement provides a report on expenditures and contingent liabilities under the Industrial Development Act 1982 that are designated as coronavirus-related in accordance with the Coronavirus Act 2020.
Action Requested
This report covers the fourth quarter of 2021, detailing expenditures made by various departments and fulfilling the quarterly reporting requirement set out by the Coronavirus Act. It also includes contingent liability figures for the same period and since March 25, 2020.
Key Facts
- The statement covers the fourth quarter of 2021 (from 1 October to 31 December 2021).
- Actual expenditure of assistance provided by Her Majesty’s Government from 1 October to 31 December 2021 is £207,341,876.
- Total actual expenditure since 25 March 2020 is £3,825,302,126.
- Department for Business, Energy and Industrial Strategy incurred the highest expenditure of £199,303,263 in Q4 2021.
- Contingent liability of assistance provided by the Secretary of State from 1 October to 31 December 2021 is £1,863,365,448.
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