TGS


Contingencies Fund Advance: National Savings and Investments (Lucy Rigby)

HM Treasury has agreed additional Resource departmental expenditure limit (DEL) and Capital DEL funding for National Savings and Investments (NS&I), supporting NS&I’s Business Transformation Programme, which will see it transition to a modernised operating model, with multiple service delivery partners.

Parliamentary approval for additional resource of £40,000,000 and capital of £69,000,000 will be sought in a Supplementary Estimate for NS&I. Pending that approval, urgent expenditure estimated at £109,000,000 will be met by repayable cash advances from the Contingencies Fund.

https://www.theyworkforyou.com/wms/?id=2026-01-12.hcws1233.0

seen at 10:13, 13 January in Written Ministerial Statements.