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registered interest false more like this
date less than 2019-10-23more like thismore than 2019-10-23
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Public Expenditure: Northern Ireland more like this
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask the Chancellor of the Exchequer, how much Financial Transactions Capital funding Northern Ireland Government Departments have (a) requested and (b) received since the inception of that scheme in 2012-13. more like this
tabling member constituency Belfast East more like this
tabling member printed
Gavin Robinson more like this
uin 4378 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-10-28more like thismore than 2019-10-28
answer text <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 annual Financial Transaction Capital budgets of the Northern Ireland administration and total Financial Transaction Capital returned to HM Treasury by the Northern Ireland administration for the period 2012-13 to 2020-21 is set out in the table:</p><p><strong> </strong></p><table><tbody><tr><td><p><strong>(£m)</strong></p></td><td><p><strong>Financial Transaction Capital budgets</strong></p></td><td><p><strong>Financial Transaction Capital returned to HMT</strong></p></td></tr><tr><td><p>2012-13</p></td><td><p>11.8</p></td><td><p>0.0</p></td></tr><tr><td><p>2013-14</p></td><td><p>46.8</p></td><td><p>0.0</p></td></tr><tr><td><p>2014-15</p></td><td><p>62.8</p></td><td><p>0.0</p></td></tr><tr><td><p>2015-16</p></td><td><p>129.0</p></td><td><p>0.0</p></td></tr><tr><td><p>2016-17</p></td><td><p>59.2</p></td><td><p>34.5</p></td></tr><tr><td><p>2017-18</p></td><td><p>166.9</p></td><td><p>109.4</p></td></tr><tr><td><p>2018-19</p></td><td><p>182.2</p></td><td><p>171.9</p></td></tr><tr><td><p>2019-20</p></td><td><p>192.4</p></td><td><p>n/a*</p></td></tr><tr><td><p>2020-21</p></td><td><p>192.8</p></td><td><p>n/a*</p></td></tr><tr><td><p><strong>Total</strong></p></td><td><p><strong>1043.9</strong></p></td><td><p><strong>315.8</strong></p></td></tr></tbody></table><p>*Underspend data is not available until the end of each financial year.</p><p><strong> </strong></p><p>Financial transaction funding is ring-fenced for loans or equity investments to the private sector.</p><p> </p><p>The use of these Financial Transaction Capital budgets is a matter for the Northern Ireland administration. This includes the allocation of Financial Transaction Capital budgets to Northern Ireland departments, the drawdown of these allocations, approvals processes, and details of projects that have been funded.</p>
answering member constituency Richmond (Yorks) more like this
answering member printed Rishi Sunak more like this
grouped question UIN
4379 more like this
4380 more like this
4381 more like this
4382 more like this
question first answered
less than 2019-10-28T16:30:01.19Zmore like thismore than 2019-10-28T16:30:01.19Z
answering member
4483
label Biography information for Rishi Sunak more like this
tabling member
4360
label Biography information for Gavin Robinson more like this