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Contingencies Fund Advance

Statement made on 1 March 2021

Statement UIN HCWS812

Statement

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.

Linked statements

This statement has also been made in the House of Lords

Department for Education
Contingencies Fund Advance
Baroness Berridge
The Parliamentary Under Secretary of State for the School System and Parliamentary Under-Secretary of State (Minister for Women)
Conservative, Life peer
Statement made 1 March 2021
HLWS805
Lords