Budget Breakdown - levelling up!

March 12, 2020

  • The Treasury is establishing a presence in Wales and Northern Ireland, in addition to its existing presence in Scotland.

  • As a result of the budget the Scottish Government will benefit from a £640m funding boost, the Welsh Government a £360m funding boost and the Northern Ireland Executive a £210m funding boost

  • The West Yorkshire Devolution Deal, which will increase local growth and investment through the creation of a Mayoral Combined Authority (MCA) across West Yorkshire.

  • Legislation will be passed to ensure Welsh language broadcaster S4C are given the same tax status as the BBC and ITN

  • Scotland will benefit from a support package for the Whisky industry, including a freeze on spirits duty.

  • £162 million for City and Growth Deals in Northern Ireland, £55 million Mid Wales Growth Deal and £25 million for the Argyll & Bute Growth Deal

  • The Shared Rural Network will ensure 84% of the country will have 4G coverage from all four mobile networks, up from 66% now – with 95% having coverage from at least one operator.

  • Up to £500,000 funding to Bradford to explore the regeneration opportunities of potential NPR services

  • Additional investment will be made in growth hubs in all regions

  • A government economic decision-making hub will be created in the North of England

  • £13m to expand the British Library’s network of Business and Intellectual Property Centres to 21 cities and 18 surrounding local library networks across the UK, including London

     

     

     

     

     

     

     

     

     

 

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