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07/05/2020

£700m funding commitment for Northern Ireland infrastructure

Words: Roger Milne
Derry / iStock-629448768

A £700 million investment package settled on this week by the Northern Ireland Executive will target infrastructure, regeneration and tourism projects across the province.

The sum includes £562 million match funding for city and growth deals and £55 million for the Inclusive Future Fund.

First minister Arlene Foster said the executive had also agreed to create a £100 million pot for city and growth deal areas to bid for additional funding.

Deputy First Minister Michelle O’Neill explained that the package’s match funding for the Derry and Strabane City Deal and Inclusive Future Fund now totalled £210 million. 

“After years of sustained underinvestment in the region, this is a significant and long overdue development for Derry, west Tyrone and the entire North West area,” she said.

Image credit | iStock

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