Commons Sense

Hansard-based summaries and metrics

<-- Back to proposed bills

Contingency Fund Application - Departmental Update

05 September 2022

Proposing MP
Will Quince Con
Colchester
Type
Written Ministerial Statement
Department
Department for Education
View on Parliament.uk -->

At a Glance

Issue Summary

The statement is about the Department for Education's intention to seek an advance from the Contingencies Fund to support a new independent Government body.

Action Requested

The Minister requests Parliamentary approval for costs of £6,678,000 to be repaid upon receiving approval of the Supplementary Estimate. This funding will enable the launch and operational establishment of Oak National Academy Limited by Autumn following procurement and development phases.

Key Facts

  • The Department announced on 11 March a new independent Government body to support teachers in delivering excellent curriculum content.
  • The body, Oak National Academy Limited, is expected to become fully operational from Autumn with the first resources available to teachers by September 2023.
  • Parliamentary approval for additional resources of £2,809,000 and capital of £3,869,000 will be sought in a Supplementary Estimate.
  • Urgent expenditure estimated at £6,678,000 will be met by repayable cash advances from the Contingencies Fund.
▸ Assessment & feedback
Summary accuracy