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<p>The UK Government is providing the Executive with a significant £3.3 billion spending
settlement to stabilise its finances and protect public services. Within this package,
we are increasing the spending power of the Executive by repurposing over £700 million
of existing and new UK Government funds.</p><p>The Fresh Start agreement in 2015 made
provision for funding for integrated and shared education over 10 years. As that funding
was due to expire at the end of 2024-25, the decision to remove the ring-fence on
£150m of Fresh Start Agreement funding was made by the UK Government on taking a coherent
look across its existing funding in Northern Ireland. We came to a considered position
in response to the challenging budgetary position faced by the Northern Ireland Executive.</p><p>The
Northern Ireland Executive will be able to decide how it uses the non-ring fenced
funding element of reprioritised and new UK Government funding streams which contribute
to the settlement package.</p><p>In line with commitments in the Belfast Agreement,
the Government will continue to invest in and support educational integration in Northern
Ireland as an essential aspect of reconciliation.</p>
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