The Department for Education has sought a repayable cash advance from the Contingencies Fund of £1,550,000,000.
The requirement has arisen due to increased costs relating to essential expenditure, including that relating to the Covid -19 response. The funds associated with this Estimate will not be released until the Supply and Appropriation Bill achieves Royal Assent in early March 2021.
Parliamentary approval for additional resources of £852,500,000 and capital of £697,500,000 has been sought in a Supplementary Estimate. Pending that approval, expenditure estimated at £1,550,000,000 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.
This statement has also been made in the House of Lords