Through the Stormont House Agreement the Government committed to allow the Executive to use £700 million of Reinvestment and Reform Initiative (RRI) capital borrowing to fund Voluntary Exit Schemes (VES). The Executive expect full implementation of VES to deliver around £500 million in annual savings, which can be deployed to other public services.<\/p>
The Government also agreed to allow the Executive increased access to RRI borrowing to fund £350 million of capital projects, over four years. This funding is for economic projects.<\/p>
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