Wilson welcomes additional funds to the Northern Ireland Budget

Finance Minister, Sammy Wilson, today welcomed the news that £134million of additional capital will be available for Northern Ireland over the next three years.
~ Tuesday, 29 November 2011

The Minister was speaking after the Chancellor delivered his Autumn Statement to the House of Commons.

He said: “The Executive will ensure the funding is allocated in a manner that will benefit the people of Northern Ireland.

“It is still in the early stages and I have not yet received details of the impact on our resource budget, however, I remain hopeful that this too will involve additions rather than reductions.”

The Minister also outlined some of the benefits for Northern Ireland from UK wide measures announced in the Chancellor’s statement.  These include: the deferral of the fuel duty increase planned for January 2012 and the cancellation of the original increase planned for 1 August 2012; and the growth review measures that may potentially benefit some 240 mid-sized business in Northern Ireland.

The Minister concluded: “Whilst we wait to see the full outcome of the Chancellor’s statement, at this stage it appears to be positive news for Northern Ireland.  This is the sort of boost our economy needs to help it recovery during these difficult times.”

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