National Productivity Investment Fund

(asked on 5th December 2018) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the amount of money the National Productivity Investment Fund will allocate in each of the next five years.


Answered by
Robert Jenrick Portrait
Robert Jenrick
This question was answered on 10th December 2018

The National Productivity Investment Fund (NPIF) will provide £37 billion of capital investment between 2017-18 and 2023-24 to support jobs and growth.

The Chancellor has set out how over £27 billion of this funding will be allocated across housing, transport, digital infrastructure and R&D. The remaining funding will be allocated at future fiscal events.

A breakdown of allocations can be found on page 54 of the Autumn Budget 2018 document: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/752202/Budget_2018_red_web.pdf

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