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British Council

11 June 2020

Proposing MP
Nigel Adams Con
Selby and Ainsty
Type
Written Ministerial Statement
Department
Foreign and Commonwealth Office
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At a Glance

Issue Summary

The statement addresses financial support for the British Council, which has faced significant losses due to the impact of Covid-19 on its commercial income.

Action Requested

The Foreign and Commonwealth Office is seeking a £60 million loan from the Contingencies Fund to stabilise the British Council's finances until mid-August 2020, contingent upon approval by HM Treasury. Parliamentary approval for an additional capital of £60,000,000 will be sought in a Supplementary Estimate.

Key Facts

  • The British Council has suffered significant losses and faces insolvency risk due to the pandemic.
  • A loan of up to £60 million from the Contingencies Fund is being sought to support the British Council's financial stability.
  • The loan will be drawn down in tranches based on need, contingent on approval by HM Treasury.
  • The FCO has supported the British Council through accessing the Coronavirus Job Retention Scheme and similar international schemes.
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