Source · Select Committees · Northern Ireland Affairs Committee
First Report - Investment in Northern Ireland
Northern Ireland Affairs Committee
HC 85
Published 8 November 2022
Recommendations
2
Accepted
Para 17
We note the Government’s intention to ensure that the UK Shared Prosperity Fund and funding...
Recommendation
We note the Government’s intention to ensure that the UK Shared Prosperity Fund and funding from the Multiply scheme match by 2024–25 the level allocated under the European ‘Structural Funds’ (ESF and ERDF). Service providers need certainty, however, and therefore …
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Government Response Summary
DLUHC officials have engaged extensively across sectors in Northern Ireland to seek input into the UKSPF Northern Ireland Investment Plan. The plan sets out the amount of UKSPF funding, including Multiply, that has been indicatively allocated to interventions in Northern Ireland for the financial years 2022-23, 2023-24 and 2024-25.
Northern Ireland Office
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5
Accepted
Para 32
The commitment to funding under the New Decade New Approach agreement was instrumental in: re-establishing...
Recommendation
The commitment to funding under the New Decade New Approach agreement was instrumental in: re-establishing the Executive in 2020; the allocation of funding for health workers’ pay and public services and securing the Executive’s finances on a sustainable footing. The …
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Government Response Summary
The government states that the Northern Ireland Office already reports on the implementation of NDNA funding through a Written Ministerial Statement published every six months, detailing financial commitments.
Northern Ireland Office
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6
Accepted
We urge the Government to publish up to date information on the delivery of the...
Recommendation
We urge the Government to publish up to date information on the delivery of the New Deal for Northern Ireland funding package. We also encourage the Government to ensure that this funding is ringfenced, so it can be used to …
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Government Response Summary
The government confirms that New Deal funding provided to Northern Ireland Executive Departments and UK Government Departments will be ringfenced. They note that nearly half of the £400 million has been allocated, including £23 million for the Department for the Economy, and they will make further decisions on the remainder of the funding.
Northern Ireland Office
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7
Accepted
Para 41
We are pleased with the Government’s decision to set up a new DIT hub in...
Recommendation
We are pleased with the Government’s decision to set up a new DIT hub in Belfast and we acknowledge the economic benefits this could bring to Northern Ireland. However, we urge the Government to publish up to date information on …
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Government Response Summary
DIT established a trade and investment hub based in Belfast in March last year and recruitment is underway. The team is dedicated to ensuring that Northern Ireland businesses are aware of the support services available through DIT’s Export Strategy. At the Autumn Statement £2 million was announced for the Department for International Trade to work with local partners including Invest NI to host a trade and investment event in Northern Ireland in 2023.
Northern Ireland Office
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11
Accepted
Para 64
We acknowledge the importance of building sustainable, viable industries to secure Northern Ireland’s economic future...
Recommendation
We acknowledge the importance of building sustainable, viable industries to secure Northern Ireland’s economic future in the net zero era. We ask the Government to set out its investment and policy plans for Northern Ireland to enable research into and …
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Government Response Summary
The UK Government is committed to advancements in the green economy, in order to achieve Net Zero by 2050. The UK Hydrogen Strategy set out by the Department for Business, Energy and Industrial Strategy will grant almost £1 billion of government funding. With energy being a devolved matter, the Department for the Economy published their Energy Strategy, ‘The Path to Net Zero Energy’, in December 2021.
Northern Ireland Office
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