Investment in Northern Ireland

Northern Ireland Affairs Committee Closed Inquiry
Opened: 9 Nov 2021 Closed: 12 Oct 2023 Parliament page
The Committee are assessing the economic effectiveness of UK Government policy to deliver investment in Northern Ireland. The inquiry looks at how these programmes may address long-standing economic issues in the region, and what further steps can be taken to stimulate investment, including foreign direct investment, in Northern Ireland. Read … Read more
12 Recommendations
1 Report
2 Letters
7 Events
Activity timeline 11 events
24 Mar
2023
Correspondence
24 Mar
2023
Correspondence
2 Feb
2023
Report published
8 Nov
2022
Report published
8 Jun
2022
Formal meeting (oral evidence session) · Room 6, Palace of Westminster
25 May
2022
Formal meeting (oral evidence session) · Room 6, Palace of Westminster
22 Mar
2022
Formal meeting (oral evidence session) · Room 16, Palace of Westminster
23 Feb
2022
Formal meeting (oral evidence session) · Room 15, Palace of Westminster
2 Feb
2022
Formal meeting (oral evidence session) · Room 16, Palace of Westminster
19 Jan
2022
Formal meeting (oral evidence session) · Room 6, Palace of Westminster
12 Jan
2022
Formal meeting (oral evidence session) · Room 5, Palace of Westminster
Title HC No. Published Items Response
First Report - Investment in Northern Ireland HC 85 8 Nov 2022 12 Responded
Recommendations & Conclusions
5 results
Clear
2 Recommendation Accepted
First Report - Investment in North…
We note the Government’s intention to ensure that the UK Shared Prosperity Fund and funding...
We note the Government’s intention to ensure that the UK Shared Prosperity Fund and funding from the Multiply scheme match by 2024–25 the level allocated under the European ‘Structural Funds’ (ESF and ERDF). Service providers need certainty, however, and therefore … Read more
Government Response
DLUHC officials have engaged extensively across sectors in Northern Ireland to seek input into the UKSPF Northern Ireland Investment Plan. The plan sets out the amount of UKSPF funding, including Multiply, that has been indicatively allocated to interventions in Northern Ireland for the financial years 2022-23, 2023-24 and 2024-25.
Northern Ireland Office
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5 Recommendation Accepted
First Report - Investment in North…
The commitment to funding under the New Decade New Approach agreement was instrumental in: re-establishing...
The commitment to funding under the New Decade New Approach agreement was instrumental in: re-establishing the Executive in 2020; the allocation of funding for health workers’ pay and public services and securing the Executive’s finances on a sustainable footing. The … Read more
Government Response
The government states that the Northern Ireland Office already reports on the implementation of NDNA funding through a Written Ministerial Statement published every six months, detailing financial commitments.
Northern Ireland Office
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6 Recommendation Accepted
First Report - Investment in North…
We urge the Government to publish up to date information on the delivery of the...
We urge the Government to publish up to date information on the delivery of the New Deal for Northern Ireland funding package. We also encourage the Government to ensure that this funding is ringfenced, so it can be used to … Read more
Government Response
The government confirms that New Deal funding provided to Northern Ireland Executive Departments and UK Government Departments will be ringfenced. They note that nearly half of the £400 million has been allocated, including £23 million for the Department for the Economy, and they will make further decisions on the remainder of the funding.
Northern Ireland Office
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7 Recommendation Accepted
First Report - Investment in North…
We are pleased with the Government’s decision to set up a new DIT hub in...
We are pleased with the Government’s decision to set up a new DIT hub in Belfast and we acknowledge the economic benefits this could bring to Northern Ireland. However, we urge the Government to publish up to date information on … Read more
Government Response
DIT established a trade and investment hub based in Belfast in March last year and recruitment is underway. The team is dedicated to ensuring that Northern Ireland businesses are aware of the support services available through DIT’s Export Strategy. At the Autumn Statement £2 million was announced for the Department for International Trade to work with local partners including Invest NI to host a trade and investment event in Northern Ireland in 2023.
Northern Ireland Office
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11 Recommendation Accepted
First Report - Investment in North…
We acknowledge the importance of building sustainable, viable industries to secure Northern Ireland’s economic future...
We acknowledge the importance of building sustainable, viable industries to secure Northern Ireland’s economic future in the net zero era. We ask the Government to set out its investment and policy plans for Northern Ireland to enable research into and … Read more
Government Response
The UK Government is committed to advancements in the green economy, in order to achieve Net Zero by 2050. The UK Hydrogen Strategy set out by the Department for Business, Energy and Industrial Strategy will grant almost £1 billion of government funding. With energy being a devolved matter, the Department for the Economy published their Energy Strategy, ‘The Path to Net Zero Energy’, in December 2021.
Northern Ireland Office
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Government Response AI assessment · 12 of 12 classified
Accepted 5
Accepted in Part 2
Acknowledged 5
Total 12 recs
Correspondence 2 letters
24 Mar 2023 Correspondence to the Secretary of State for Northern Ireland, related to Investment in Northern Ireland inquiry, 23 February 2023
Parliament page
24 Mar 2023 Correspondence from the Secretary of State for Northern Ireland, related to Investment in Northern Ireland inquiry, 24 March 2023
Parliament page