- Sep 21, 2011
So peeps, the long awaited and much lamented deal has been done, moi is sure no matter what political creed or hue or posters adhere to everywan will be unanimous in welcoming investment of up to 1.5 billion British pounds into NI...
We welcome this new financial support of £1 billion pounds in the next two years as well as providing new flexibilities on almost £500 million pounds previous committed to Northern Ireland. As a consequence, spending power of almost £1.5 billion will be available to address the unique circumstances of Northern Ireland and the effect these have had on its economy and its people.
News - Statement by Leader of the Democratic Unionist Party Rt Hon Mrs Arlene Foster MLA | Democratic Unionist Party
The UK Government, however, recognises the unique circumstances of Northern Ireland’s history and the effect this has had on its economy and people from all parts of the community, while recognising too the need to be fair to all parts of the United Kingdom. Both parties re-affirm their commitment to the restoration of devolved government in Northern Ireland. Following discussions between them, and in order to support their shared objectives of strengthening the economy, the UK Government is prepared to make available additional financial support to the power sharing Executive.
Read more at: IN FULL: the details of the DUP/Tory deal for Northern Ireland - Belfast Newsletter
The parties agree to continue to commit the same cash total in funds for farm support until the end of the Parliament. Further discussions will take place on the future framework for farming support.
Full text of agreement between Conservatives and DUP - Belfast Newsletter
The deal agreed by the Conservatives and the DUP involves an additional £1 billion in funding that has been pledged to the Northern Ireland powersharing executive. This breaks down as follows:
:: £400 million for infrastructure projects (£200 million per year for two years)
:: £200 million for improvement of health service (£100 million per year for two years)
:: £150 million for ultra-fast broadband (£75 million per year for two years)
:: £100 million for tackling deprivation (£20 million per year for five years)
:: £100 million to address immediate pressures in health and education (£50 million per year for two years)
:: £50 million for mental health services (£10 million per year for five years)
Read more at: How DUP's £1BN funding package will be spent after deal with Conservatives - Belfast Newsletter
Soooo good news we can all agree on, eh...