Question to the HM Treasury:
To ask His Majesty's Government whether they have any plans to establish an investment and reinvestment initiative to support Northern Ireland infrastructure schemes which is separate to the block grant allocation scheme for Northern Ireland.
Infrastructure strategy and investment is a devolved responsibility of the Northern Ireland Executive (NIE). As part of the NIE’s Interim Fiscal Framework agreed in May 2024, the NIE committed to publish a comprehensive and costed long-term strategic infrastructure plan setting out priority areas for action and how it will support prosperity and growth.
The NIE’s 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.