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<p>The UK Government has provided £2 billion of funding to support implementation
of the New Decade, New Approach deal. £545 million of this has already been allocated.
The £2 billion includes a £1bn Barnett-based investment guarantee from the UK Government,
which will include significant new funding to turbocharge infrastructure investment.
This guarantee will apply in all circumstances, and allow the Executive to plan new
investment over a five year period. £245m will support the transformation of public
services, including transformation across health, education and justice. Funding release
will be tied to the delivery of reform. The deal also provided £550m to help put the
Executive’s finances on a sustainable footing, including £200 million over three years
to resolve the nurses’ pay dispute immediately and deliver pay parity.</p><p> </p><p>Alongside
this, the UK Government has provided £60m of capital and resource funding to deliver
a Northern Ireland Graduate Entry Medical School in Derry/Londonderry, which has now
been approved by the Executive. The UK Government will provide £50m over two years
to support the rollout of ultra-low emission public transport.</p><p> </p><p>The Honourable
Member has inquired about a range of specific areas of funding, including mental health
support, tackling deprivation, tackling paramilitarism, the Castlereagh Foundation,
centenary funding, culture and community funding, language and broadcasting support,
support for the armed forces and veterans, IFI funding and a fund to promote the competitiveness
of the Northern Ireland economy.</p><p> </p><p>£140m of funding has been set aside
in the New Decade, New Approach package to address Northern Ireland’s unique circumstances.
The overall profiling of this spend to address Northern Ireland’s unique circumstances
remains subject to final decisions by ministers. Where identified projects fall within
devolved competencies, further discussions are needed with the Executive to establish
the amount of funding which is required. We look forward to being able to confirm
the detail across all these projects as soon as it is possible to do so.</p><p> </p><p>
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