Question to the HM Treasury:

To ask His Majesty's Government what are the (1) current, and (2) future, levels of the capital budget allocated to each of the devolved nations.

The 2021 Spending Review set the largest annual block grants, in real terms, of any spending review settlement since the devolution Acts. Those settlements are still growing in real terms over the three-year spending review period, despite inflation being higher than expected.

The Spending Review 2021 settlement provided £41 billion per year for the Scottish Government (£6 billion of which is capital funding), £18 billion per year for the Welsh Government (£3 billion capital) and £15 billion per year for the Northern Ireland Executive (£2 billion capital).

On top of record spending review settlements, the devolved administrations are receiving an additional £4 billion over the next two years through the operation of the Barnett formula (largely from Autumn Statement 2022 and Spring Budget 2023): £1.8 billion for the Scottish Government, £1.4 billion for the Welsh Government and £0.8 billion for the Northern Ireland Executive. £1.8 billion of this has been allocated to their capital budgets (£0.8 billion for the Scottish Government, £0.7 billion for the Welsh Government and £0.3 billion for the Northern Ireland Executive). The devolved administration’s budgets are not set beyond the current spending review period.