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<p>Universal Credit (UC) new claim advances provide fast access to a payment for people
in financial need until their first UC payment is due. Assistance of up to 100% of
the total expected monthly award, which is paid back over a period of up to 12 months,
and from October 2021 up to 16 months, is available.</p><p> </p><p>The estimated value
of advanced payments that were paid to Universal Credit (UC) claimants for new claims
and benefits transfers in the financial year 2018/2019 is £502m (<strong>source:</strong>
DWP internal statistics).</p><p> </p><p>The projected value of advanced payments that
will be paid to claimants of UC for new claims and benefits transfers in each of the
next five years is £676m in 2019/2020 rising to £862m in 2023/2024. This projection
is line with the expected increase in UC claims.</p><p> </p><table><tbody><tr><td><p>Year</p></td><td><p>Projected
Advances Spend (£m)</p></td></tr><tr><td><p>2019/2020</p></td><td><p>£676</p></td></tr><tr><td><p>2020/2021</p></td><td><p>£682</p></td></tr><tr><td><p>2021/2022</p></td><td><p>£678</p></td></tr><tr><td><p>2022/2023</p></td><td><p>£766</p></td></tr><tr><td><p>2023/2024</p></td><td><p>£862</p></td></tr></tbody></table><p><strong>
</strong></p><p><strong>Source:</strong> DWP internal modelling of advances.</p><p>
</p><p><strong>Notes: </strong></p><p><strong> </strong></p><ol><li>The data supplied
is derived from unpublished management information which was collected for internal
Departmental use only and has not been quality assured to National Statistics or Official
Statistics publication standard. The data should therefore be treated with caution.</li><li>Figures
have been rounded to the nearest £million.</li></ol>
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