Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how much funding will be allocated to each region under the National Productivity Investment Fund announced in the Autumn Statement 2016.

The government has established a National Productivity Investment Fund (NPIF) to provide £23bn of additional spending between 2017/18 and 2021/22. Every penny spent by the UK government is explicitly earmarked for areas that are critical to boosting productivity: economic infrastructure (transport and digital communications), Research and Development (R&D), and housing.

Further details about specifically how and where this money will be invested will be set out in due course.

Where spending on measures within the NPIF does not extend to Scotland, Wales or Northern Ireland, the devolved administrations will receive funding through the Barnett formula in the usual way.