The Chancellor has today announced £900m of new funding for Northern Ireland in 2021/22 in the Spending Review. This is more than double the £400m new funding provided for 2020/21 at the 2019 Spending Round.
Rishi Sunak set out how the UK Government will provide billions of pounds to fight coronavirus, deliver the peoples’ priorities and drive the UK’s recovery. Northern Ireland will also benefit from more than £100bn of capital investment across the UK in 2021/22 – creating jobs and growing the economy.
Chancellor Rishi Sunak today unveiled a Spending Review for the whole of the UK as he laid out plans to help Northern Ireland fight coronavirus and build back better.
The Chancellor announced that Northern Ireland will receive £900m of funding from the UK Government in 2021/22 through the Barnett formula for devolved areas such as health and social care, education and housing. This is more than double the £400m new funding provided for 2020/21 at the 2019 Spending Round.
It is in addition to the £2.8bn additional funding guaranteed to the Northern Ireland Executive in 2020/21, above the funding allocated at the Spring Budget earlier this year, in the face of the coronavirus and its impact on the economy.
Northern Ireland will also receive a significant boost from more than £100bn of capital investment across the UK in 2021/22, improving connectivity and productivity for the whole of the UK.
Chancellor of the Exchequer Rishi Sunak said:
Commenting on the Chancellor’s statement earlier today, Secretary of State for Northern Ireland, Brandon Lewis said:
Projects announced today include the Gigabit and Shared Rural Network programmes for better mobile coverage.
The Gigabit programme subsidises the rollout of gigabit-capable broadband in the most difficult to reach 20% of the UK, while the Shared Rural Network programme is a partnership with industry that will deliver high-quality 4G mobile coverage across 95% of the UK by 2025.
Investment in new green industries will support green growth clusters, offshore wind capacity, port infrastructure, Carbon Capture and Storage and low carbon hydrogen.
Separately, institutions and companies in Northern Ireland will be able to access a £14.6bn UK-wide research and development fund.
Investment from EU Structural Funds is increasing in each of England, Scotland, Wales and Northern Ireland in 21-22 compared to this financial year.
The Spending Review provides additional UK funding to help local areas prepare over 2021-22 for the introduction of the UK Shared Prosperity Fund. Further details will be published in the New Year.
The UK Government has also delivered on its manifesto commitment to maintain funding by providing £315m to support farmers, land managers and the rural economy, and £3.1m to support fisheries in Northern Ireland.
The Government committed to boosting local economies through at least one freeport in each of Scotland, Wales and Northern Ireland, with locations to be decided in consultation with the devolved administrations.
And on the cultural front, the Government announced £29.1m for Festival UK with projects expected across Scotland, Wales and Northern Ireland.
At this Spending Review Scotland, Wales and Northern Ireland will benefit from UK-wide coronavirus support in health, including £15bn for Test and Trace with Barnett funding provided for England-only elements of the programme.