Public Expenditure: Northern Ireland

Northern Ireland Office written question – answered on 4th November 2019.

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Photo of Gavin Robinson Gavin Robinson Shadow DUP Spokesperson (Home Affairs), Shadow DUP Spokesperson (Defence)

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.

Photo of Julian Smith Julian Smith The Secretary of State for Northern Ireland

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.

FTC Allocations


Invest NI - Agri-Food Loan Scheme


Invest NI - Growth Loan Fund


Invest NI Other Projects


Northern Ireland Science Park


Higher Education


Co-Ownership Housing


NI Investment Fund


Housing for people with learning disabilities


Total Projects:


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