A Budget to fix the foundations and deliver change for Northern Ireland
The Chancellor of the Exchequer, Nadhim Zahawi, has today (Sunday 30 October 2022) announced a new £417 million Budget for Northern Ireland to fix the foundations and deliver change for the people of Northern Ireland.
The Budget will:
- Fix the foundations of the Northern Ireland economy by investing in infrastructure, skills and businesses. This includes:
- £105 million for a new Shared Prosperity Fund, which will invest in local communities and businesses
- £60 million to upgrade the A5 road, which is a key economic artery for the region
- £20 million to support skills training and apprenticeships
- Deliver change for the people of Northern Ireland by investing in public services, health and housing. This includes:
- £100 million for the health service, to reduce waiting lists and improve patient care
- £70 million for education, to improve school standards and provide more support for children with special educational needs
- £62 million for housing, to build more affordable homes and tackle homelessness
The Chancellor said:
“This Budget is about fixing the foundations of the Northern Ireland economy and delivering change for the people of Northern Ireland.
“We are investing in infrastructure, skills and businesses to create a more prosperous future for the region. We are also investing in public services, health and housing to improve the lives of the people of Northern Ireland.”
The Budget was welcomed by business leaders and politicians in Northern Ireland.
Alastair Hamilton, Chief Executive of the Confederation of British Industry (CBI) in Northern Ireland, said:
“This Budget is a welcome boost for the Northern Ireland economy. The investment in infrastructure, skills and businesses will help to create jobs and grow the economy. The investment in public services, health and housing will also make a real difference to the lives of the people of Northern Ireland.”
Michelle O’Neill, Deputy First Minister of Northern Ireland, said:
“This Budget is a step in the right direction. The investment in public services, health and housing is much-needed and will make a real difference to the lives of the people of Northern Ireland. However, we need to see more investment in the long-term to fix the foundations of the economy and deliver lasting change for the region.”
A Budget to fix the foundations and deliver change for Northern Ireland
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