As far as I can tell, this is UK Department for Transport cash. The UK DfT is only responsible for active travel in England.
Of course, as with all cycling announcements the headlines and reality bear little relation. £114m is to fund an already announced "Cycling Ambition Cities" programme over the next three financial years.
A further £100m is to fund unspecified active travel improvements next to the English trunk road network over an unspecified period of time.
The spending is all in the next Parliament and (ahem) the announcement was made by Nick Clegg.
Details: https://www.gov.uk/government/news/deputy-pm-announces-214-million-investment-in-cycling