Contingencies fund advance: 17 December 2020
Published By GOV.UK [English], Thu, Dec 17, 2020 4:16 AM
I hereby give notice of the Department for Transport having drawn advances from the contingencies fund totalling £5,808,000,000 to enable expenditure on COVID-19 support packages to be spent ahead of the passage of the Supply and Appropriation Act. The schemes include:
Emergency Measures Agreements and Emergency Recovery Measures Agreements with the train operating companies
the COVID-19 bus services support grant
safeguarding critical ferry freight routes
supporting regional transport networks such as Transport for London and light rail networks
Parliamentary approval for additional resources of £4,574,000,000 and additional capital of £1,234,000,000 will be sought in a supplementary estimate for the Department for Transport.
Pending that approval, urgent expenditure estimated at £5,808,000,000 will be met by repayable cash advances from the Contingencies Fund.
The cash advance will be repaid upon receiving Royal Assent of the Supply and Appropriation (Anticipation and Adjustments) Bill.
Press release distributed by Media Pigeon on behalf of GOV.UK, on Dec 17, 2020. For more information subscribe and follow