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Contingencies Fund Advance: 22 February 2020 - £4billion

22nd February 2021

Photograph of Contingencies Fund Advance: 22 February 2020 - £4billion

From Grant Shapps, Minister for Transport, UK Government.

I hereby give notice of the Department for Transport having drawn advances from the Contingencies Fund totalling £4,000,000,000 to enable expenditure on COVID-19 support packages to be spent ahead of the passage of the Supply and Appropriation Act. The schemes include:

Emergency Recovery Measures Agreements with the train operating companies

the COVID-19 bus services support grant

safeguarding critical ferry freight routes

supporting regional transport networks such as Transport for London and light rail networks

Parliamentary approval for additional resource of £4,000,000,000 will be sought in a supplementary estimate for the Department for Transport. Pending that approval, urgent expenditure estimated at £4,000,000,000 will be met by repayable cash advances from the Contingencies Fund.

The cash advance will be repaid upon receiving Royal Assent of the Supply and Appropriation (Anticipation and Adjustments) Bill.