29 April 2019
St Helena Government (SHG) and the UK Government have agreed a multi-year programme that aims to grow the Island’s future economic prosperity and represents an important element of a new partnership between the UK Government and SHG.
Both governments will work together to maximise the impact of this programme. This will include jointly agreeing key on-Island reforms which will promote investment opportunities, build a stronger investment climate and a more resilient infrastructure base whilst preserving and promoting what makes St Helena unique.
The UK Government has clearly signalled its commitment to St Helena by providing up to £30m to improve the Island’s infrastructure over the next six years (2019/20-2024/25), £15m of which is committed over the next three years (2019/20-2021/22), and £15m which is indicatively planned for the subsequent three years (2022/23- 2024/25) subject to a review to be undertaken at the halfway stage of the implementation, to consider progress and assess value for money.
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SHG
29 April 2019