Written Question on National Productivity Investment Fund

Written Questions are submitted by MPs or Lords to receive information from a Department.


See more on: "National Productivity Investment Fund"
Date Title Questioner
5 Dec 2017, 4:58 p.m. National Productivity Investment Fund Rebecca Long Bailey

Question

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.


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