The Scottish Government has been granted capital borrowing powers of £296m in the year 2015-16 in a bid to support infrastructure.
Chancellor George Osborne announced the boost to the Scottish devolved administration in today’s spending review, alongside a temporary extension to Northern Irish borrowing powers.
The Northern Ireland Executive will have its capital borrowing limits extended temporarily by £50m to support investment in shared housing and education projects in 2014-15 and 2015-16.
The Welsh Government’s financial accountability and autonomy are also to be considered, with the government finalising a detailed response to the Silk Commission, which recommended a combination of block grant and self-financing.
The government is in discussions with the Welsh Government as to how it can help support a funding solution for the M4 scheme in south Wales.
All three devolved administrations have also been granted a small increase in capital spending power.