To ask the Secretary of State for Northern Ireland, what steps Northern Ireland Government Departments have taken to encourage the use of Financial Transactions Capital.
In 2012-13, the UK Government introduced Financial Transactions Capital (FTC). FTC is designed to stimulate private sector investment in projects that benefit the region, over and above the level of investment made by the Executive from its Departmental Expenditure Limits.
FTC funding is allocated to the Devolved Administrations, which has discretion over its allocation to projects. The Department of Finance in Northern Ireland has provided the following information which sets out the allocation decisions for this year. Further information on how the NI Civil Service encourages the use of FTC can be requested from the Department of Finance in Northern Ireland.
Invest NI - Agri-Food Loan Scheme
Invest NI - Growth Loan Fund
Invest NI Other Projects
NI Investment Fund
Housing for people with learning disabilities