{"value":{"id":1765220,"memberId":4077,"member":null,"memberRole":"The Economic Secretary to the Treasury","uin":"HCWS453","dateMade":"2025-02-13T00:00:00","answeringBodyId":14,"answeringBodyName":"Treasury","title":"Contingencies Fund Advance: National Savings and Investments","text":"<p>HM Treasury has agreed additional Resource DEL and Capital DEL funding of £88,414,000 for National Savings and Investments (NS&amp;I) as part of Spending Review 2025 phase 1 during the 2024 Autumn Budget. The additional resource supports NS&amp;I’s Business Transformation Programme which will see it transition to a modernised operating model, with multiple service delivery partners. The funding also supports the Capital DEL requirements for NS&amp;I’s moving between offices in London.</p><p> </p><p>Parliamentary approval for additional resource of £40,630,000 and capital of £17,120,000 has been sought in a Supplementary Estimate for NS&amp;I. Pending that approval, urgent expenditure estimated at £57,750,000 will be met by repayable cash advances from the Contingencies Fund.</p>","house":"Commons","noticeNumber":2,"hasAttachments":false,"hasLinkedStatements":false,"linkedStatements":null,"attachments":[]},"links":[{"rel":"self","href":"/Statements/1765220","method":"GET"}]}