The Prime Minister has set out his ambitious plan to invest in our future prosperity. Jobs, skills and infrastructure will be central to the UK Government’s New Deal which will unleash the economic potential within every corner of the UK. As part of this, the UK Government intends to bring forward funding to accelerate infrastructure projects in Scotland, Wales, and Northern Ireland and will work with the devolved administrations on our ambitious plan for economic recovery across the UK.
This ambition is also reflected in our commitment of £562m to City and Growth Deals across Northern Ireland (NI) which will drive economic growth and productivity in line with the key local priorities. The NI Executive has recently agreed to match the UK Government commitment to City and Growth Deals and the Inclusive Future Fund, bringing total investment to £1.2bn and highlighting what our partnership can achieve.
This partnership and long-term strategic investment will be vital in supporting Northern Ireland’s economic recovery following the impact and challenges presented by Covid-19. The Councils and their delivery partners are therefore working at speed to ensure their projects reflect the best opportunities for investment. Whilst Covid-19 has required some reassessment of local priorities, we are confident that progress is being made across each of the deals. I continue to engage regularly with the Chief Executives of the City and Growth Deals in Northern Ireland and my department is working closely with Councils and NI Executive colleagues to provide any support necessary to accelerate their implementation.