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<p>A large proportion of funding from the NPIF – established at Autumn Statement 2016
and expanded to £31bn at Autumn Budget 2017 – has already been allocated to its four
target sectors: transport, housing, digital communications and R&D. Breakdowns
within these sectors can be found on page 44 of the 2017 Autumn Budget document. Specific
projects are selected through a variety of mechanisms that are tailored to achieve
programme goals and ensure high value for money.</p><p> </p><p>Funding allocations
from the NPIF are not specifically made by region. However the NPIF is intended to
fund projects that help to boost productivity and prosperity throughout the UK and
across regions. For example, at the Autumn Budget 2017, the government made an allocation
specifically benefitting the North East, announcing £337m of new funding from the
NPIF to replace rolling stock on the Tyne & Wear Metro. It also established a
new £1.7bn Transforming Cities Fund. This funding will be widely distributed, with
£840m of per capita funding to be transferred to the six Mayoral Combined Authorities
with directly elected mayors, and £840m open for competition for transport projects
in cities. These announcements and others demonstrate a commitment to invest to improve
productivity in all UK regions.</p>
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