Contingencies Fund Advance

Department for Business, Energy and Industrial Strategy written statement – made on 13th January 2021.

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Photo of Paul Scully Paul Scully Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Minister of State (London)

I hereby give notice that the Department for Business, Energy and Industrial Strategy will draw an advance from the contingencies fund totalling £5,023,479,000 to enable expenditure on Covid-19 support packages for business to be spent ahead of the passage of the Supply and Appropriation Act in March 2021. The funding will go towards the following schemes:

  • Local Restrictions Support Grant (LRSG) (closed) – grants of up to £3,000 per four weeks for closed businesses;
  • The Closed Businesses Lockdown Payment - one-off grants worth up to £9,000 per business property
  • a £500m top up to the Additional Restrictions Grant (ARG) scheme in England.

Local Restrictions Support Grant (closed) scheme

Closed Businesses Lockdown Payment

Additional Restrictions Grant scheme

Total £m

RDEL

1,508.1

3,015.4

500.0

5,023.5

Parliamentary approval for additional resources of £5,023,479,000 will be sought in a Supplementary Estimate for the Department for Business, Energy and Industrial Strategy. Pending that approval, urgent expenditure estimated at £5,023,479,000 will be met by repayable cash advances from the Contingencies Fund.

The cash advance will be repaid upon receiving Royal Assent on the Supply and Appropriation Bill.