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Contingencies Fund Advance

17 December 2020

Proposing MP
Grant Shapps Con
Welwyn Hatfield
Type
Written Ministerial Statement
Department
Department for Transport
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At a Glance

Issue Summary

Grant Shapps is announcing advances drawn from the Contingencies Fund for COVID-19 support packages.

Action Requested

The Department for Transport has drawn £5,808,000,000 in cash advances from the Contingencies Fund to fund various support schemes. Parliamentary approval will be sought for additional resources and capital pending Royal Assent of the Supply and Appropriation (Anticipation and Adjustments) Bill.

Key Facts

  • The Department for Transport has drawn £5,808,000,000 from the Contingencies Fund.
  • Schemes include Emergency Measures Agreements, Bus Services Support Grant, ferry freight routes safeguarding, and regional transport network support.
  • Additional resources of £4,574,000,000 and capital of £1,234,000,000 will be sought in a Supplementary Estimate.
  • The cash advance will be repaid upon receiving Royal Assent.
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