answer text |
<p>The government has established a National Productivity Investment Fund (NPIF) to
provide £23bn of additional spending between 2017/18 and 2021/22. Every penny spent
by the UK government is explicitly earmarked for areas that are critical to boosting
productivity: economic infrastructure (transport and digital communications), Research
and Development (R&D), and housing.</p><p> </p><p>Further details about specifically
how and where this money will be invested will be set out by the relevant departments
and agencies in due course.</p><p> </p><p>Where spending on measures within the NPIF
does not extend to Scotland, Wales or Northern Ireland, the devolved administrations
will receive funding through the Barnett formula in the usual way.</p><p> </p>
|
|