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300M funding for Northern Ireland




The UK government has provided an additional 300 million to the Northern Ireland administration to support coronavirus affected people, businesses and public services.

This funding has brought the total allocated to the Northern Ireland administration through the Barnett formula to 3.3 billion since the pandemic began.

Recognizing the exceptional circumstances and responding to the need for flexibility, the Northern Ireland administration could carry over the existing tools for transferring funds over $300 million not spent until fiscal 2021/22 this year. age.

Treasury Secretary Steve Barclay said:

UK Treasury schemes such as Furlough, self-employed assistance and corporate loans have helped protect jobs and livelihoods across Northern Ireland.

However, we do know that the Northern Ireland administration also plays an important role. This is why we continue to provide the resources and flexibility we need to support people and businesses through this epidemic.

I urge the administration to use this additional 300 million to help those in need most in Northern Ireland.

Northern Ireland Secretary Brandon Lewis said:

The British government has stood side by side with people and businesses across Northern Ireland through the coronavirus pandemic, protecting them from the worst impacts.

The Northern Ireland administration has received an unprecedented level of funding from the UK government this year, and this additional funding, which can be carried over to the next fiscal year, will give the administration the certainty and flexibility to implement priorities for the benefit of everyone. is. In Northern Ireland.

Following the previous update on December 24th, this is expected to be the final update for 2020-21 as part of the process of finalizing departmental funding at Supplementary Estimates.

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