National Productivity Investment Fund

(asked on 11th July 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what proportion of the National Productivity Investment will be spent in (a) Scotland and (b) London in (i) the current financial year and (ii) each of the next three financial years.


Answered by
Andrew Jones Portrait
Andrew Jones
This question was answered on 17th July 2017

The National Productivity Investment Fund will provide investment in areas that are critical for UK productivity: housing, R&D and economic infrastructure.

The UK government has allocated £740m of funding for digital infrastructure and around £4.7bn funding for R&D which will be available across the UK.

Responsibility for housing and much infrastructure policy is devolved. As a result the NPIF represents a significant increase in funding through the Barnett Formula of £800m to the Scottish Government, £400m to the Welsh government and £250m to the Northern Ireland Executive.

The government is focused on delivering the NPIF and allocating it to programmes and projects that support growth and jobs. Last week saw the launch of the £2.3bn Housing Infrastructure Fund, which was opened to local authorities to bids. We will announce detailed allocations of this and the other aspects of the NPIF in due course.

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