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Business Update
20 July 2022
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy
At a Glance
Issue Summary
The statement provides an update on spend under the Industrial Development Act 1982 and the Coronavirus Act 2020 for the first quarter of 2022.
Action Requested
This report covers expenditures from January to March 2022, detailing assistance provided by Her Majesty's Government and departmental spending. It is noted that this is the final quarterly report under Section 75 of the Coronavirus Act.
Key Facts
- Spend under the Industrial Development Act 1982 for the first quarter of 2022 covers from 1 January to 31 March.
- Actual expenditure of assistance provided by HM Government from 1 January to 31 March 2022 is £277,208,581.
- Total actual expenditure of assistance provided since 25 March 2020 is £4,102,510,707.
- Department for Business, Energy and Industrial Strategy spent £237,216,907 in the quarter.
- Contingent liability from 1 January to 31 March 2022 is £9,228,141,179.
- Total contingent liability since 25 March 2020 is £83,769,317,646.
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