Agriculture: Northern Ireland

(asked on 6th November 2024) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what steps they plan to take to ensure a fair distribution of finance to the Northern Ireland agricultural sector following the decision not to ring-fence the farm support package.


Answered by
Lord Livermore Portrait
Lord Livermore
Financial Secretary (HM Treasury)
This question was answered on 20th November 2024

The Northern Ireland Executive’s (NIE) Spending Review settlement for 2025-26 is the largest in real terms of any settlement since devolution. The NIE is receiving £18.2 billion in 2025-26, including an additional £1.5 billion through the operation of the Barnett formula.

The NIE is responsible for the allocation of its settlement to its devolved responsibilities, including the agricultural sector in Northern Ireland. To support this principle, the Chief Secretary to the Treasury has agreed to baseline into 2025-26 the full amount provided to farmers, land managers, and fisheries in 2024-25.

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