Aside from the real terms increases in our local capital Budget, I plan to utilise any additional capital funding that may be announced tomorrow as part of the Chancellor's autumn statement to take forward an economic stimulus package with the agreement of my Executive colleagues and the House. That is a good idea, and we will be bringing it forward.
I also plan to ensure that the Executive seek ways in which to introduce capital investment from other sources. That is why I have organised a symposium with Ibec and the CBI on 27 January. It will give the construction and business sectors an opportunity to engage with government on investment opportunities and, of course, on where the funding will come from. In addition, I have recently appointed seven new external members to the procurement board from the private and voluntary and community sectors to determine how we spend our money. That includes Colin Maxwell, who is an artist and architect. I have tasked him with bringing forward proposals to promote architectural excellence and to further the arts in the Executive's infrastructure projects.
That is commonplace south of the border. Cork city in particular has published an evaluation recently of how it uses Per Cent for Art. It is common in parts of Europe and very common in San Francisco and New York that, when you undertake a capital project, you set aside a percentage for the arts. The consequence of that is that you really change the entire cityscape, or landscape of a city. It is my wish that we reinvestigate how Per Cent for Art, which existed but we have stopped for many years now, might be brought back to the centre of the procurement process and the centre of the building process. When you go to many great cities across Europe and the US and see new investment in capital build, you also see new works of public art. That is a good way to go, and I hope to be able to bring forward more ideas on that to the House.
We are doing better than we were when the Member, or one of her colleagues, last brought this up. She knows that we had some disappointing news from the European Investment Bank. We thought that it was not prudent for it to proceed along the lines that we had originally envisaged with the NI investment fund, which was first put forward by your colleague Minister Hamilton.
We are now making significant progress. I hope that we will get an OK from the Office for National Statistics and that we can move the investment fund off balance sheet, which means that we could deliver it in the middle of next year. As the Chairwoman is very aware, there are a lot of private sector people with energy projects in particular who really hope that we get this investment fund up and running because they will be coming to our door asking to borrow money to make transformative investments in the community.