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Contingencies Fund Advance

Statement made on 27 January 2021

Statement UIN HCWS737

Statement

UK Export Finance is seeking a repayable cash advance from the Contingencies Fund of £500,000. The requirement has arisen due to an urgent need to refresh its existing IT equipment (laptops) to meet the needs of the Department and manage its response to Covid-19.

Parliamentary approval for additional capital of £500,000 will be sought in a Supplementary Estimate for UK Export Finance. Pending that approval, urgent expenditure estimated at £500,000 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.

Statement from

Department for International Trade

Linked statements

This statement has also been made in the House of Lords

Department for International Trade
Contingencies Fund Advance
Lord Grimstone of Boscobel
Minister for Investment
Conservative, Life peer
Statement made 27 January 2021
HLWS734
Lords