Department for Transport
Contingencies fund advance: pending approval of the supplementary estimate 2019 to 2020
Department for Transport intends to seek an advance to meet cash requirements, to be repaid immediately following approval of the supplementary estimate.
I hereby give notice of the Department for Transport’s intention to seek an advance from the Contingencies Fund.
The department requires an advance to meet its cash requirements pending parliamentary approval of the supplementary estimate 2019 to 2020.
The department is operating within the budget agreed in the main estimate, however, we will be seeking an increase in our net cash requirement in the supplementary estimate. Accessing the contingency fund is to allow the department to move cash around the group to support existing expenditure consistent with existing Parliamentary estimates and does not represent additional spending.
When the main estimate was submitted for approval, part of Network Rail’s (NR) grant-in-aid was excluded. The grant funding for NR in Control Period 6 was agreed shortly before the main estimate was finalised and in the transition from loan funding to grant funding the full value of the required grant was not captured in the department’s net cash requirement. It was the department’s intention that the final classification and cash requirement would be covered by the supplementary estimates process.
The advance will be repaid immediately following approval of the supplementary estimate. We have taken steps to review our processes and capture lessons learned, to prevent any similar issues from happening again.
Parliamentary approval for additional cash of £3.6 billion will be sought in a supplementary estimate for the Department for Transport. Pending that approval, urgent expenditure estimated at up to £3.6 billion will be met by repayable cash advances from the Contingencies Fund.
Latest News from
Department for Transport
Community projects across north compete to win Pacers17/01/2020 15:15:00
Community groups and charities across the north have taken part in the 'Transform a Pacer' competition.
Electric taxis to go wireless thanks to new charging tech trial17/01/2020 12:25:00
Wireless charging for electric taxis to start in Nottingham.
Transport update: Flybe16/01/2020 14:20:00
An update on Flybe outlining upcoming work to review regional connectivity and Air Passenger Duty (15 January 2020).
Government announces measures on regional connectivity16/01/2020 10:10:10
The Government yesterday announced additional measures to support and enhance regional connectivity across the UK, to ensure all corners of the country drive the economy, and fully benefit from prosperity in years to come.
First of a Kind 2020 launches to find this century’s Brunel13/01/2020 13:10:00
Department for Transport and Innovate UK launch competition to drive innovation on the railways.
Rail update: Northern franchise09/01/2020 14:10:00
An update on the continuation of the Northern franchise and the evaluation of proposals submitted by Arriva Rail North.
2020 vision for north-east rail network06/01/2020 13:10:00
Government to invigorate rail connections across the north-east of England with more modern and reliable services for passengers.
Year of action on railway starts with new fares trials02/01/2020 12:10:00
Govia Thameslink Railway and LNER in flexible ticket trials to inform rail improvements.