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Use of the Industrial Development Act 1982 for Coronavirus related assistance

Statement made on 15 November 2021

Statement UIN HCWS391

Statement

I am tabling this statement for the benefit of Hon. Members to bring to their attention spend under the Industrial Development Act 1982. In addition to the obligation to report on spend under the Industrial Development Act annually, the Coronavirus Act 2020 created a new quarterly reporting requirement for spend which has been designated as coronavirus-related under the Coronavirus Act. This statement fulfils that purpose.

The statement also includes a report of the movement in contingent liability during the quarter. Hon. Members will wish to note that measures such as Local Authority grants, the Coronavirus Job Retention Scheme and Self-Employed Income Support Scheme, and tax measures such as the suspension of Business Rates are not provided under the Industrial Development Act 1982 and hence are not included below.

This report covers the second quarter of 2021, from 1 April to 30 June 2021, in accordance with the Coronavirus Act.

The Written Ministerial Statement covering the first quarter of 2021 was published on June 22nd, 2021.

Spend under the Coronavirus Act 2020

Under the Coronavirus Act 2020, there is a requirement to lay before Parliament details of the amount of assistance designated as Coronavirus related provided in each relevant quarter. In the period from 1 April to 30 June 2021, the following expenditures were incurred:

Actual expenditure of assistance provided by Her Majesty’s Government from 1 April to 30 June 2021

£573,322,073

Actual expenditure of assistance provided by Her Majesty’s Government from 25 March 2020

£3,272,359,763

Expenditure by Department

Actual expenditure of assistance from 1 April to 30 June 2021 provided by:

Department for Business, Energy and Industrial Strategy

£ 567,348,740

Department for Environment, Food & Rural Affairs,

£ 5,973,333

Contingent liability under the Coronavirus Act 2020

Contingent liability of assistance provided by the Secretary of State from 1 April to 31 June 2021

£3,468,776,393

All contingent liability of assistance provided by the Secretary of State from 25 March 2020

£70,323,958,288

Linked statements

This statement has also been made in the House of Lords

Department for Business, Energy and Industrial Strategy
Use of the Industrial Development Act 1982 for Coronavirus related assistance
Lord Callanan
Use of the Industrial Development Act 1982 for Coronavirus related assistance
Conservative, Life peer
Statement made 15 November 2021
HLWS378
Lords