HM Treasury and the Chief Secretary to the Treasury have agreed additional Resource DEL funding of £40,500,000 for National Savings and Investments to respond to Covid-19 issues, build greater operational resilience and prepare for a major retendering event.

Parliamentary approval for additional resources of £40,500,000 will be sought in a Supplementary Estimate for National Savings and Investments. Pending that approval, urgent expenditure estimated at £40,500,000 will be met by repayable cash advances from the Contingencies Fund.