§ The Minister of State, Northern Ireland Office (Mr. John Spellar)I am pleased to announce that the Northern Ireland discretionary social fund budget for 2004–05 will be £58.25 million; £12.64 million will be allocated to grants, £45.51 million to loans and £0.1 million will be held as a contingency reserve. The new allocations represent an increase of £1.65 million over the initial gross budget set at April 2004. This increase will be funded through higher loan recoveries, plus an increase in net treasury finding of £0.94 million for this year. This £0.94 million is the second of three annual increases from a £8.2 million boost for the discretionary social fund announced in the autumn 2002 pre-Budget report.
The community care grant budget has been increased by £0.94 million to £12.64 million. This will provide more help to customers, in particular families with children and the disabled.
The loans budget has been increased to £45.51 million, an increase of £0.71 million on the initial 2003–04 loans budget. To improve the fairness of the scheme, budgets will be allocated in a way that will over time achieve greater consistency of outcome for customers wherever they live.
Details of the budget allocations, together with a note explaining the basis on which they have been made, have been placed in the House of Commons Library today.
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