Public Expenditure: Northern Ireland

(asked on 6th March 2024) - View Source

Question to the HM Treasury:

To ask His Majesty's Government how much is to be allocated to the Northern Ireland Executive in the Spring Budget from (1) Barnett consequentials, and (2) direct allocation.


Answered by
Baroness Vere of Norbiton Portrait
Baroness Vere of Norbiton
Parliamentary Secretary (HM Treasury)
This question was answered on 20th March 2024

As a result of decisions taken at Spring Budget, the Northern Ireland Executive will receive around £100 million through the Barnett formula.

The Chancellor of the Exchequer also announced £20 million of funding for each of Derry-Londonderry and Coleraine through the Long-Term Plan for Towns, £2 million of funding to boost global investment and trade opportunities in Northern Ireland, and £2.2 million for the redevelopment of the South Stand at Crusaders FC in Belfast into a unique state of the art community centre.

Northern Ireland will also benefit from UK-wide tax and spending measures.

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