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How this increase in funding will be allocated will be decided by Northern Ireland Ministers, and will be set out by the Finance Minister when he presents his budget to the Northern Ireland Assembly next month.
Scotland, Wales and Northern Ireland will receive more money which can be spent on infrastructure projects, with each devolved administration deciding where this will be spent.
And so the government will review public spending priorities and other commitments for the next Parliament in light of the evolving fiscal position at the next Spending Review.
But with our debt forecast to peak at 90% next year, and a deficit this year of 3.5%, I have reached my own judgement.
I am committed to transforming this country into an apprenticeship nation. Initiatives like ASK and the 1,000 Apprenticeship Champions are essential to spreading the message that quality apprenticeships are a ladder of opportunity for all ages and all backgrounds.
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