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<p>The Farming Innovation Programme is being funded from the Department for Environment,
Food and Rural Affairs’ existing budgets set at Spending Review 2021. As there are
no changes to UK Government departmental funding associated with the Farming Innovation
Programme, there are no further Barnett consequentials on top of the Spending Review
settlement in line with the normal application of the Barnett formula.</p><p> </p><p>The
Northern Ireland Executive received a record settlement at Spending Review 2021. On
top of this record settlement, the Northern Ireland Executive also benefit from nearly£1
billion of ringfenced UK Government funding for agricultural projects in Northern
Ireland throughout the Spending Review 2021 period.</p>
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