Contingencies fund advance: 22 February 2020
Notification of COVID-19 support fund expenditure.
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.