Menu
23/11/2016
NI Executive To Receive Additional £250m In Infrastructure Funding
Chancellor Philip Hammond has announced the Northern Ireland Executive is to receive an extra £250million in infrastructure funding.
Mr Hammond made the announcement as part of the Autumn Statement and said the funds from the Barnett Formula will be spread over the next four years.
Finance Minister Mairtin O Muilleoir tweeted: "More infrastructure funds welcome but lower growth forecast continuing austerity and cuts to resource budgets mean 'turbulence' still ahead."
The Northern Ireland Independent Retail Trade Association (NIIRTA) also welcomed the focus on infrastructure investment
NIIRTA Chief Executive Glyn Roberts said: "NIIRTA welcomes the additional £250 million for investment in our infrastructure and would urge the Executive to make the York Street Interchange a top priority for funding”
"Increasing the personal tax allowance is a positive step, allowing working people to keep more of their salaries and hopefully spend more in our retail sector."
(CD)
Mr Hammond made the announcement as part of the Autumn Statement and said the funds from the Barnett Formula will be spread over the next four years.
Finance Minister Mairtin O Muilleoir tweeted: "More infrastructure funds welcome but lower growth forecast continuing austerity and cuts to resource budgets mean 'turbulence' still ahead."
The Northern Ireland Independent Retail Trade Association (NIIRTA) also welcomed the focus on infrastructure investment
NIIRTA Chief Executive Glyn Roberts said: "NIIRTA welcomes the additional £250 million for investment in our infrastructure and would urge the Executive to make the York Street Interchange a top priority for funding”
"Increasing the personal tax allowance is a positive step, allowing working people to keep more of their salaries and hopefully spend more in our retail sector."
(CD)
Related Northern Ireland News Stories
Click here for the latest headlines.
26 March 2019
Decades Of Funding Shortfalls Cause Road Network Decline
A recent report on the structural maintenance of Northern Ireland's road network has found that decades of funding shortfalls are having a deteriorating effect on its condition.
Decades Of Funding Shortfalls Cause Road Network Decline
A recent report on the structural maintenance of Northern Ireland's road network has found that decades of funding shortfalls are having a deteriorating effect on its condition.
19 November 2020
£1.23m Allocated To Secure Future Of City Of Derry Airport
Additional support of £1.23m has been announced to help secure the future of City of Derry Airport. This short term support grant, which is based on 50% of the airport's deficit for this financial year, is to help City of Derry Airport to remain operational.
£1.23m Allocated To Secure Future Of City Of Derry Airport
Additional support of £1.23m has been announced to help secure the future of City of Derry Airport. This short term support grant, which is based on 50% of the airport's deficit for this financial year, is to help City of Derry Airport to remain operational.
29 April 2009
EU Green Funding Could Unlock Jobs, Claims MEP
Sitting MEP Bairbre de Brún (pictured) has claimed the Northern Ireland Executive could exploit EU funding better, in order to support the local construction industry. Ms de Brún, speaking at a Fermanagh Employment Conference, said the devolved government at Stormont could use EU funds to part-finance a programme of energy efficiency renovations.
EU Green Funding Could Unlock Jobs, Claims MEP
Sitting MEP Bairbre de Brún (pictured) has claimed the Northern Ireland Executive could exploit EU funding better, in order to support the local construction industry. Ms de Brún, speaking at a Fermanagh Employment Conference, said the devolved government at Stormont could use EU funds to part-finance a programme of energy efficiency renovations.
31 May 2023
NI EV Charging Firm Secures Major Investment
Weev, the NI-based electric vehicle (EV) charge point operator has secured an investment from Octopus Investments (Octopus), to expand NI's charging infrastructure. Octopus, part of Octopus Group, is backing Weev's rollout plan with up to £50 million to address the shortage of charging infrastructure in NI.
NI EV Charging Firm Secures Major Investment
Weev, the NI-based electric vehicle (EV) charge point operator has secured an investment from Octopus Investments (Octopus), to expand NI's charging infrastructure. Octopus, part of Octopus Group, is backing Weev's rollout plan with up to £50 million to address the shortage of charging infrastructure in NI.
16 April 2014
Infrastructure Spending 'Critically Important' – Finance Minister
The Northern Ireland Executive investing in Northern Ireland's infrastructure is of "critical importance", Finance Minister Simon Hamilton has said. Minister Hamilton highlighted the importance of infrastructure spending to drive economic growth, adding: "The argument in favour of investing in infrastructure barely needs to be made.
Infrastructure Spending 'Critically Important' – Finance Minister
The Northern Ireland Executive investing in Northern Ireland's infrastructure is of "critical importance", Finance Minister Simon Hamilton has said. Minister Hamilton highlighted the importance of infrastructure spending to drive economic growth, adding: "The argument in favour of investing in infrastructure barely needs to be made.
-
Northern Ireland WeatherToday:A few fog patches at first, soon clearing to leave a dry day with some patchy cloud and good sunny spells. Light and variable winds. Feeling mild in sunny spells. Maximum temperature 14 °C.Tonight:Dry and quite chilly overnight under prolonged clear spells and light winds. This will allow a few fog patches to develop in places. Minimum temperature 2 °C.
