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Written question asked by A Cecil Walker (Ulster Unionist Party) on Thursday, 20 January 2000, in the House of Commons. It was due for an answer on Thursday, 27 January 2000. It was answered by Andrew Smith (Labour) on Thursday, 27 January 2000 on behalf of the Treasury.

Treasury

Question
To ask Mr Chancellor of the Exchequer, how much funding from the capital modernisation fund will be allocated to Northern Ireland in the next financial year; and how the amount will be determined. - Includes figures.
Answer

Mr. Walker: To ask the Chancellor of the Exchequer how much funding from the Capital Modernisation Fund will be allocated to Northern Ireland in the next financial year; and how the amount will be determined. [106806] Mr. Andrew Smith: Northern Ireland's share of funding from the Capital Modernisation Fund is determined by applying the Barnett formula to successful bids to the Fund for projects in England. In the 1999 Budget Northern Ireland was assigned a minimum allocation from the Capital Modernisation Fund of £50 million from 1999-2000 to 2001-02, which represents an indicative allocation of £19.5 million in 2000-01. The funding will be reviewed when final allocations are made from the fund.

Secondary information

Type
Written question
Reference
343 c266W; 106806
Session
1999-00
Subjects
Northern Ireland Public expenditure
Contains statistics
Yes