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Contingencies Fund Advance

Wales Office written statement – made on 29th June 2020.

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Photo of Simon Hart Simon Hart The Secretary of State for Wales

I hereby give notice of the Wales Office’s intention to seek an advance from the Contingencies Fund. The department requires an advance to meet an urgent cash requirement pending parliamentary approval of the Main Estimates 2020-21.

In response to the coronavirus pandemic, over £1.8bn of additional funding is included in the Main Estimate for the Welsh Government as a result of consequentials derived from announcements by the UK Government. The Vote on Account cash limit for 2020-21 is insufficient to meet the additional spending need of the Welsh Government in the period prior to approval of the Main Estimates 2020-21.

Parliamentary approval for additional non-budget expenditure of £856,557,000 has been sought in a Main Estimate for the Wales Office. Pending that approval, urgent expenditure estimated at £856,557,000 will be met by repayable cash advances from the Contingencies Fund.

The advance will be repaid immediately following Royal Assent of the Supply and Appropriation Bill in July.