§ The Chief Secretary to the Treasury (Mr. Paul Boateng)I am today publishing a White Paper, Departmental Investment Strategies: A Summary, which sets out the Government's investment strategy over the next three years.
As announced in the 2002 Spending Review, the Government will raise public sector investment by £12 billion over that period, including:
£3 billion for improved buildings and equipment for our schools;£2.5 billion for the NHS to modernise our hospitals and health care facilities;£2 billion to invest in transport infrastructure; and£1 billion to improve our housing stock.The White Paper complements individual departmental investment strategies, to be published shortly by departments themselves, which set out more detailed plans. The purpose of the strategies is to set out:
the public service outcomes that will be achieved with the new funding committed in the 2002 Spending Review;the progress that has been achieved since the last strategies were published in 2000;the improvements that departments have put in place to improve the management of the assets they own; andthe reforms of procedures and systems put in place to get best value for money from the extra spending.