Business Rates: Northern Ireland
The question
To ask the Secretary of State for Northern Ireland, what steps his Department is taking to ensure that businesses in Northern Ireland receive the same rate relief support as their counterparts in other regions of the United Kingdom, including the recent 40% rate relief scheme announced for high street businesses in England.
Answered by Hilary Benn
Business relief support is devolved to the Northern Ireland Executive. The Northern Ireland Executive’s Spending Review settlement for 2025-26 is the largest in real terms of any settlement since devolution.
The Northern Ireland Executive is receiving £18.2 billion in 2025-26, including an additional £1.5 billion through the operation of the Barnett formula and £760 million targeted funding, with £670 million resource and £90 million capital, including for the 2024 restoration financial package, historic funding packages, and additional security funding.
It is for the Executive to allocate this record funding in a way that delivers effective public services and provides better outcomes for people.
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