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<p>The Treasury sets the Northern Ireland administration’s overall Financial Transaction
Capital budget through the normal operation of the Barnett formula.</p><p> </p><p>The
allocation and use of Financial Transactions Capital is a devolved function and a
matter for the Northern Ireland administration.</p><p> </p><p>Further to this funding,
the UK government is committed to supporting the Northern Ireland economy. This is
demonstrated, for example, by the £400m the government is investing in City Deals
for Belfast and Derry/Londonderry and Strabane City Region.</p>
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