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 fourth quarter of 2020, from 1 October to 31 December 2020, in accordance with the Coronavirus Act. It also covers, for the first time, coronavirus-related spending of the Department for Environment, Food & Rural Affairs.
The Written Ministerial Statement covering the third quarter of 2020 was published on 9 March 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 October to 31 December 2020, the following expenditures were incurred:
Actual expenditure of assistance provided by Her Majesty’s Government from 1 October to 31 December 2020, including expenditure by DEFRA in earlier quarters not previously notified. | £ 957,000,978 |
All expenditure of assistance provided by Her Majesty’s Government from 25 March 2020 | £ 1,651,946,560 |
Expenditure by Department
Actual expenditure of assistance from 1 October to 31 December 2020 provided by: | |
Department for Business, Energy and Industrial Strategy | £ 943,967,558 |
Department for Environment, Food & Rural Affairs, including expenditure in earlier quarters not previously notified | £ 13,033,420 |
First inclusion of Department for Environment, Food & Rural Affairs 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. This requirement is fulfilled by the table below. Expenditure by the Department for Environment, Food & Rural Affairs is being included for the first time within this fourth quarter report.
Actual expenditure of assistance provided by the Department for Environment, Food & Rural Affairs in 2020, by quarter | |
First quarter 2020 (1 January – 31 March) | NIL |
Second quarter 2020 (1 April – 30 June) | £ 9,179,062 |
Third quarter 2020 (1 July – 30 September) | £ 2,532,544 |
Fourth quarter 2020 (1 October – 31 December) | £ 1,321,814 |
Total reported for the first time in this fourth quarter report | £ 13,033,420 |
Contingent liability under the Coronavirus Act 2020
Contingent liability of assistance provided by the Secretary of State from 1 October to 31 December 2020 | £ 11,746,523,334 |
All contingent liability of assistance provided by the Secretary of State from 25 March 2020 | £ 61,188,652,244 |
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