National Productivity Investment Fund

(asked on 30th November 2017) - View Source

Question to the HM Treasury:

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.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 5th December 2017

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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