AQW 8781/17-22 Written question to the Minister of Finance
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.
Asked by Andrew Muir MLA on 14 October 2020
- Answered
- Written
- Priority
- Tabled
- 14 October 2020
- Answer due by
- 19 October 2020
- Answered
- 19 October 20205 days after tabling
- Department
- Department of Finance
- Priority question
- Yes
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.