{"value":{"id":1285033,"memberId":4414,"member":null,"memberRole":"Minister for London and Parliamentary Under Secretary of State (Minister for Small Business, Consumers and Labour Markets)","uin":"HCWS775","dateMade":"2021-02-09T00:00:00","answeringBodyId":201,"answeringBodyName":"Department for Business, Energy and Industrial Strategy","title":"Business Update ","text":"<p>I hereby give notice of the Department for Business, Energy and Industrial Strategy having drawn an advance from the contingencies fund totalling £2,819,000,000 to enable expenditure in connection with the governments’ response to Covid-19 support packages for business to fight the virus and build back better, to be spent ahead of the passage of the Supply and Appropriation Act in March 2021.</p><p>Parliamentary approval for additional resources of £1,459,000,000, additional capital of £1,110,000,000 and additional cash of £250,000,000 will be sought in a Supplementary Estimate for the Department for Business, Energy and Industrial Strategy. Pending that approval, urgent expenditure estimated at £2,819,000,000 will be met by repayable cash advances from the Contingencies Fund.</p><p>The cash advance will be repaid upon receiving Royal Assent on the Supply and Appropriation Act.</p>","house":"Commons","noticeNumber":1,"hasAttachments":false,"hasLinkedStatements":true,"linkedStatements":[{"linkedStatementId":1285034,"linkType":"JointStatement","linkDate":"2021-02-09T00:00:00"}],"attachments":[]},"links":[{"rel":"self","href":"/Statements/1285033","method":"GET"}]}