AQW 8781/17-22

Mr Andrew Muir
Alliance Party
North Down

Tabled Date: 14/10/2020
Answered On Date: 19/10/2020
Priority Written: Yes

Question:
To ask the Minister of Finance whether he will be recommending that the £200million in Barnett consequentials announced by the UK Government on the 9 October 2020 be allocated to economic support for businesses affected by COVID-19 public health restrictions.

Answer:

The additional funding of £200 million allocated to the Executive on 9 October 2020 is an uplift to the guaranteed amount of additional Resource DEL funding for 2020-21 announced in the Spring Economic Update. This brings the total funding made available by the British Government to the Executive for its COVID-19 response to £2.4 billion.

It will be for the Executive to decide on how the additional funding is allocated, based on assessments of need from all Ministers, including the Economy Minister.