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Devolved government 2024-25 funding

27 March 2025

Proposing MP
Darren Jones Lab
Bristol North West
Type
Written Ministerial Statement
Department
Treasury
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At a Glance

Issue Summary

The statement addresses changes in devolved government funding for 2024-25, including adjustments to the Wales Reserve and application of the Barnett formula.

Action Requested

The Welsh Government is drawing down funds from the Wales Reserve, switching resources between DEL categories, and returning specific funding amounts to ensure better alignment with project delivery timelines. These changes are consistent with the Fiscal Framework arrangements.

Key Facts

  • The Welsh Government has chosen to draw down £125.000 million in Resource DEL (excluding depreciation) and £50.000 million in Capital DEL from the Wales Reserve.
  • The government will switch £202.000 million from Resource DEL (excluding depreciation) to Capital DEL.
  • The Welsh Government will return £2.000m CDEL for the North Wales Growth Deal and £7.000m CDEL for border control post construction.
  • The Barnett formula application results in a change of £0.019 million CDEL (General) for Wales and £0.812 million for Northern Ireland.
  • Scottish Government will carry forward an increase of £1.975 million to 2025-26 with no change in 2024-25.
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