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.