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Contingencies Fund Advance

09 January 2020

Proposing MP
Grant Shapps Con
Welwyn Hatfield
Type
Written Ministerial Statement
Department
Department for Transport
View on Parliament.uk -->

At a Glance

Issue Summary

The statement announces the Department for Transport's intention to seek an advance from the Contingencies Fund pending parliamentary approval of a Supplementary Estimate.

Action Requested

The department is seeking an advance of up to £3.6 billion from the Contingencies Fund to cover urgent expenditure until the Supplementary Estimate is approved, which will then be repaid immediately. This action ensures that existing spending consistent with Parliamentary Estimates can continue without interruption.

Key Facts

  • The Department for Transport requires a cash advance pending parliamentary approval of the Supplementary Estimate 2019-20.
  • Part of Network Rail’s grant-in-aid was excluded from the Main Estimate due to timing issues.
  • An urgent expenditure estimated at up to £3.6 billion will be met by repayable cash advances from the Contingencies Fund.
  • The advance will be repaid immediately following approval of the Supplementary Estimate.
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