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Business Update

08 June 2020

Proposing MP
Reading West
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy

At a Glance

Issue Summary

The statement is about seeking an advance from the contingencies fund to cover urgent expenditure for the Covid-19 vaccines programme.

Action Requested

I am proposing to seek an advance of £5,673,000 from the Contingencies Fund to enable the Department for Business, Energy and Industrial Strategy to secure vaccine inventory ahead of parliamentary approval. The funds will be repaid upon receiving Royal Assent on the Supply and Appropriation Bill.

Key Facts

  • An advance of £5,673,000 from the Contingencies Fund is requested.
  • The funding is urgently required for securing vaccine inventory.
  • The funds will be repaid upon receiving Royal Assent.
Assessment & feedback
Summary accuracy