HM Treasury has agreed additional resource departmental expenditure limit and capital DEL funding for National Savings & Investments, 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.

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