Rachel Reeves MP - June Spending Review Announcements

Rachel Reeves announced the June Spending Review. Key points for Northern Ireland are listed below:

📌£50m for Casement Park redevelopment
📌£137m over 3 years targeting organised crime & paramilitarism
📌£185m for public service reforms + £2m for integrated education
📌£310m over 4 years for City & Growth Deals
📌£11m over 3 years for community development
📌£2m for Queen's University Belfast Cyber AI Hub
📌Continued support for infrastructure projects like Fermanagh Lakeland Forum
📌 Investment in aerospace sector & Enhanced Investment Zones

Plus access to UK-wide programmes:

📌£410m Local Innovation Partnership Fund
📌Child Poverty Strategy inclusion
📌£350m+ Nations & Regions Investment programme via British Business Bank
📌 £9.3m from Great British Energy for local communities across the UK

The UK Government and Northern Ireland Executive will begin negotiations on a full Fiscal Framework, while the block grant sees its largest real-terms increase since devolution, ensuring higher per-person funding to meet Northern Ireland’s unique needs.