Written Questions are submitted by MPs or Lords to receive information from a Department.
|5 Dec 2017, 4:58 p.m.||National Productivity Investment Fund||Rebecca Long Bailey|
To ask Mr Chancellor of the Exchequer, with reference to line 21 of table 2.1 of Autumn Budget 2017, from which allocation of capital spend the £7 billion in year 2022-23 has been re-allocated
Answer (Elizabeth Truss)
At the recent Budget we extended the National Productivity Investment Fund for an extra year and increased it from £23bn to £31bn
The extension into 2022/2023 by £7 billion reflects Government’s sustained commitment to addressing our productivity challenges, by providing additional investment into areas that are critical for boosting productivity: transport, digital communications, R&D and housing.
Funding in 2022/23 is not reallocated from an existing allocation of capital spend.