{"value":{"id":1310332,"memberId":4414,"member":null,"memberRole":"Minister for London and Parliamentary Under Secretary of State (Minister for Small Business, Consumers and Labour Markets)","uin":"HCWS924","dateMade":"2021-04-20T00:00:00","answeringBodyId":201,"answeringBodyName":"Department for Business, Energy and Industrial Strategy","title":"Contingency Fund Advance","text":"<p>I hereby give notice of the Department for Business, Energy and Industrial Strategy having drawn an advance from the contingencies fund totalling £1,579,925,000 to enable expenditure on Covid-19 support packages for business to be spent ahead of the passage of the Supply and Appropriation Act in March 2021.</p><p>The funding is required for the Local Restrictions Support Grant (LRSG) (closed) addendum scheme, which provides grants of up to £3,000 per month to businesses which are legally required to close due to COVID-19 restrictions<strong>.</strong></p><p>Parliamentary approval for additional resources of £1,579,925,000 will be sought in a Supplementary Estimate for the Department for Business, Energy and Industrial Strategy. Pending that approval, urgent expenditure estimated at £1,579,925,000 has been 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":1310336,"linkType":"JointStatement","linkDate":"2021-04-20T00:00:00"}],"attachments":[]},"links":[{"rel":"self","href":"/Statements/1310332","method":"GET"}]}