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<p>At the recent Budget we extended the National Productivity Investment Fund for
an extra year and increased it from £23bn to £31bn</p><p> </p><p>The extension into
2022/2023 by £7 billion reflects Government’s sustained commitment to addressing our
productivity challenges, by providing additional investment into areas that are critical
for boosting productivity: transport, digital communications, R&D and housing.</p><p>
</p><p>Funding in 2022/23 is not reallocated from an existing allocation of capital
spend.</p>
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