NS&I delivers £2.5 billion of Net Financing to the Government in Q1 2025-26
NS&I delivered £2.5 billion of Net Financing to the Government in Q1 2025-26. The figure is part of NS&I’s latest unaudited quarterly results for the first quarter (April-June 2025) of the financial year 2025-26.
The Spring Statement in March 2025 set NS&I’s Net Financing target for 2025-26 at £12 billion (+/- £4 billion).
Unaudited Q1 2025-26 results (1 April – 30 June 2025)*
| Quarter | Gross inflows (including reinvestments) £bn
| C&AIP** £bn | Gross outflows £bn | Net Financing £bn | Total stock (as at 30 June £bn)
|
Q1 2025-26 (unaudited)
| 14.2 | 2.4 | 14.1 | 2.5 | 242.6 |
Q1 2024-25
| 11.7 | 3.0 | 13.9 | 0.7 | 231.3 |
2024-25 annual results*
| Year | Gross inflows (including reinvestments) £bn | C&AIP** £bn
| Gross outflows £bn | Net Financing £bn | Total stock £bn |
| 2024-25 | 57.3 | 9.3 | 57.0 | 9.8 | 240.1 |
| 2023-24 | 65.7 | 8.7 | 62.1 | 11.3 | 230.5 |
| 2022-23 | 53.7 | 5.5 | 48.6 | 10.0 | 218.3 |
| 2021-22 | 44.9 | 2.5 | 42.7 | 4.4 | 207.6 |
| 2020-21 | 86.2 | 2.2 | 64.6 | 23.8 | 203.0 |
All figures are in £ billion and are subject to rounding.
*All figures from 2021-22 onwards (with the exception of Net Financing) include Green Savings Bonds.
**C&AIP is capitalised and accrued interest and prizes earned. All figures are in £ billion and subject to rounding.
Notes to Editors
- NS&I reports quarterly on gross inflows and outflows, Net Financing and total stock. Net Financing excludes Green Savings Bonds, as they are a policy product.
- Net Financing – the measure of the net change of NS&I funds, meaning total inflows from deposits, retention of maturing monies and capitalised and accrued interest, less the total outflows from withdrawals and interest or Premium Bonds prize draw payments. A positive Net Financing figure represents a positive contribution to government financing.
- NS&I’s 2024-25 Annual Report and Accounts was published on 3 July 2025 and can be downloaded here.
- NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments to more than 24 million customers. All products offer 100% capital security, because NS&I is backed by HM Treasury.
- Further information on NS&I, including press releases and product information, is available on the website at nsandi.com.