Where N. Ireland’s DUP plans to spend £1b windfall

Below is a breakdown of the planned investment agreed with the Democratic Unionist Party that May is prepared to fund through the province’s power-sharing executive.

Infrastructure: £400 million > The UK govt will allocate £200 million per year for two years and with sufficient flexibility as to the choice of project. > The only project mentioned is the York Street interchange, a scheme that would replace a junction in Belfast linking three of the busiest roads in Northern Ireland. The regional department of infrastructure estimates its cost at £120 million to £165 million. Health, education: £350 million > The UK government will allocate an additional £50 million per year for two years to enable the Northern Ireland executive to address immediate pressures in health and education. > Recognising the longstanding focus on securing a modern, sustainable health service in Northern Ireland, the UK government will allocate 100 million pounds per year for two years to support health service transformation. > The UK government will provide £10 million per year for five years to support the delivery of mental health services in Northern Ireland, recognising the historical impact of the province’s past on its communities. Broadband: £150 million > The UK government will contribute £75 million per year for two years to help provide ultra-fast broadband for Northern Ireland. Social projects: £100 million > The UK government will provide £20 million per year for five years to target pockets of severe deprivation so that all can benefit from growth and prosperity. Corporation tax > The UK government notes that one of the first tasks for Northern Ireland’s new executive will be to work towards the devolution of corporation tax rates, the timetable for its introduction, and how this might best be flexibly managed, with options being developed for the Autumn Budget 2017 > The UK government will work to utilise its networks of embassies and high commissions to promote Northern Ireland as a location for foreign direct investment.