The Executive’s comprehensive 10-year rolling framework for future investment in major capital projects across the region
Development and maintenance of a long term Investment Strategy for Northern Ireland (ISNI) is one of SIB’s core statutory responsibilities as set out in the Strategic Investment & Regeneration of Sites (Northern Ireland) Order 2003.
The principal objective is to set out a clear framework for future investment in major capital projects across the region in order to assist in their planning, financing, procurement and delivery.
The ISNI is drafted by SIB on behalf of Ministers, working closely with the Executive Office and Department of Finance, and with officials from the spending departments. It is one of the Executive’s three high level policy documents, published alongside and consistent with the Executive’s Programme for Government (PfG) and Budget. It sets out the Executive’s plan for capital investment by all departments and arms-length bodies for the 10-years ahead, including transport infrastructure, schools, colleges, health facilities, social housing, water infrastructure and public sector office accommodation.
The Executive published its first ISNI in 2007, covering the period 2008-2018. The current ISNI was published by the Executive in 2012 and covers the period up to 2021. Over the eight-year period to 31 March 2019, almost £10.6 billion was invested in public infrastructure under ISNI. Current estimates indicate that by 31 March 2021, a total of over £14.8 billion will have been invested in Northern Ireland (over a ten-year period). This exceeds the £13.3 billion anticipated when ISNI 2011-21 was published in 2012.
SIB also monitors the delivery of capital projects funded under ISNI and issues regular reports to MLAs, chairs of Assembly committees and industry stakeholders, and maintains the ISNI Information Portal (www.isni.gov.uk) to inform stakeholders and the public on progress with schemes in development that are funded under ISNI.
The current ISNI is coming to an end, and an updated Investment Strategy for Northern Ireland, covering the period 2021-31, is now being developed by SIB alongside work by TEO to update the Executive’s Programme for Government (PfG). As in previous years, it will set out planned expenditure for the following areas:
- Productive Economy (Industry Support, Agriculture & Rural Industries, Government Administration, Tourism
- Networks (Transport, Energy, Telecoms/digital infrastructure)
- Learning and Skills (Schools, HE/FE colleges, Libraries)
- Health and Social Care (Primary Care, Hospitals, Social care, public health and Emergency Services)
- Social and Community (Social & Affordable Housing, Culture, Sport, Arts & Leisure, and Justice)
- Environment (Carbon reduction, Climate change and resilience, Water & Waste Water, Waste Management, Flood Risk Management and Biodiversity)
The majority of the finance for ISNI comes from the NI Block Grant. In addition, there are 39 operational Private Finance Initiative (PFI)/ Public-private Partnership (PPP) schemes in Northern Ireland; these have delivered capital assets financed from private sources.
- ISNI is an ongoing project within SIB.
SIB leads all aspects of the development, implementation and monitoring of ISNI. This includes:
- Monitoring progress by departments in the development and delivery of schemes funded under ISNI;
- Commissioning research on future infrastructure needs of the region and future trends;
- Developing and utilising Strategic Infrastructure Planning Models (SIPMs) to assist departments and agencies to plan ahead with a robust evidence base;
- Developing and using the ISNI Jobs Model to assess the impact of capital investment on construction and related industry jobs, and wider jobs impact in the economy;
- Consulting with and informing a wide range of stakeholders with an interest in ISNI;
- Developing future iterations of ISNI, working with colleagues in the Executive Office and the Department of Finance in relation to priorities and budgets; and
- Maintaining broad market awareness of trends in infrastructure finance markets.