Question to the HM Treasury:
To ask His Majesty's Government what level of equity share they will obtain for their funding support for Casement Park through Financial Transactions Capital.
The UK Government has committed £50m of Capital Financial Transactions funding to redevelop Casement Park. The UK Government will continue to work with the Northern Ireland Executive; however, it is up to the Executive to take decisions on the design and implementation of the Financial Transaction, including whether to take long-term equity stake in the project. The Financial Transaction will be provided to the Executive on a net basis, it does not need to be repaid to the UK Government and the Executive can recycle any repayments indefinitely.