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Contingencies Fund advance

17 December 2020

Proposing MP
John Glen Con
Salisbury
Type
Written Ministerial Statement
Department
Treasury
View on Parliament.uk -->

At a Glance

Issue Summary

The statement addresses additional funding required by National Savings and Investments to address Covid-19 issues and operational resilience.

Action Requested

Parliamentary approval is being sought for an additional £40,500,000 in resources via a Supplementary Estimate. Pending this approval, urgent expenditure will be met through repayable cash advances from the Contingencies Fund.

Key Facts

  • Additional Resource DEL funding of £40,500,000 for National Savings and Investments.
  • Parliamentary approval to be sought for additional resources via a Supplementary Estimate.
  • Urgent expenditure estimated at £40,500,000 will be met by repayable cash advances from the Contingencies Fund.
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